Ben Lin
1031 tax question for partial exchange
Hi BP,I sold my property in CA for 755k and bought a property in Houston for 400k. Now, after months of trying I could not find another property to buy. So now I have a boot of 355k because I didn’t find anything else...
Helen Zhang
Dallas Tax Deferral for Age 65
Hi BP community, I purchased a house that was previously owned by age 65+ couple who deferred their tax in Dallas county, Texas. It has been for a year since I purchased the property. Now it is interesting that the 65...
Hassien Serrano
Buying from seller and dealing with capital gains tax road block
Hello,Here is my awesome dilemma.Seller received advice and changed mind to sell because of concerns on capital gains tax on a property in NY if they sell it to me and carry the 1st/the note/owner financed and no mone...
Brian Shelton
Deductions (Write offs) Against W-2 Income
I have primarily W-2 income. Most of my passive income is offset with depreciation. I’m trying to find an investment that allows me a deduction against my W-2 income. Other than Oil and Gas investments (IDC), it is...
Yoochul C.
After Tax Equity X 4
Hey all,I used a 1031 exchange calculator and after punching in the numbers the result was an after tax equity x 4 of $896,000. What does this value mean? Does it mean I have to buy a home at $896,000 to defer my ta...
Robert Miller
Tax Question
I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double ...
Rahul Gupta
Primary property exception rule on 2 houses?
We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...
Sudhir Jain
Selling my home to my own LLC, then renting it out
HiI lived in this condo for five years before moving out about one year ago, and then rented it out to a tenant. I do not want to sell the unit.How can I preserve the tax free treatment of capital gains during those f...
Jack B.
0 capital gains tax if tax bracket is less than 15%??
I'm far from the 15% tax bracket, but my tax bracket will drop drastically in retirement, so I'm wondering if the 0% capital gains tax will apply to real estate investors who sell real estate and are in the 15% or 10%...
Stanley Furman
6-family in Connecticut to property near CA
We've owned a 6-family for over 37 years. Owner manager. Both grown kids in CA. Looking to trade for either a single family rental or multi-family with stability out west. The location of the 6-family is in a bl...