I had significant losses from the stock market from stupidly selling at the wrong time. Most were held less than a year.
This year I am selling an investment property. I’m trying to decide whether or not to do a 1031...
Hi All,
I have a question for those of that are tax savvy. If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ?...
Hi Guys,Seeing as I'm expecting major capital gains over the next year, can someone please recommend a book that talks mainly about taxes as they apply to Real Estate? 1031 Exchange, Depreciation and the likes?Your su...
Hi, quick question about selling a rental property for less than it's worth and tax implications.I purchased a rental property on 9/1/2022 for $40k, paid $4k in closing costs, and over the course of 2023 paid around $...
Short term cap gains basically get counted as income...you have $100k income and $100k short term cap gain, you basically have the same as $200k income.I've been very careful over the years and have tremendous carryov...
I see that this has been discussed with real estate, but not much discussion about buying and flipping mobile homes and what taxes will apply. I understand the year and a day holding period for real estate, but what ...
Hello,I expect to have about $10000 losses from rental properties in 2020. Is there any way I can write off the loss using capital gains (from my stock investment) or using W2 income? Or alternatively, how to best uti...
Would anyone know of the tax implications from "Flipping" a new construction home for a profit, that just closed. Then selling a different rental property that you've owned for over two years, at a loss in the same ye...
What are you seeing in regards to K 1 losses in year 1 based on forced depreciation from Cost Segregation studies?Since 2017 , we’ve seen the following ranges 14-30 % for storage 40s to high 50s% for multi family with...
A friend wants to sell two homes, neither of which he can claim as his primary residence. One property he will likely have a $120k gain on. The other will likely sell for a $60k loss.
If he sells them in the same y...