Hello Bigger Pockets Forum,
Looking for thoughts and feedback on the probability of the IRS exercising their redemption rights (during the 120-day period) to redeem a foreclosing property which has ~$1-1.3M of equity...
Hello,
I received a mail (spam?) from [company name] titled, "New Low-Cost Options for Federal Tax Savings on Small Properties."
"Real estate investors who own property with an improvement basis as low as $500,000 c...
In the never ending search for more Federal Tax dollar, there is a proposal to eliminate the 1031, Tax Free Exchange. 16 different real estate organizations have formed a coalition to counter and lobby against that p...
To determine depreciation for federal tax filing do you apply the original price of the house or the current market value?
I have a seller that would love to sell a couple properties valued at about $70k each. Looking at the title work, when her brother passed away and deeded the houses to her, about $500k in IRS tax liens were attached ...
Good Evening,I am looking at bidding on a house tomorrow at an auction through Auction.com. I have reviewed the title report and there is an existing federal IRS tax lien for $40K. Any chance that could be "negotiated...
I'll be closing on the sale of a rental home on 1/2/20, and will incur around $15k in long term capital gains taxes on the sale. Do I need to pre-pay the IRS some taxes, or can I wait until April 2021 when I file my 2...
A condo HOA where we have a number of units and where I sit on the board is being told by our accountant that we owe tax on the profit on the sale of a unit owned by the Association. The Association has owned it for ...
Hey there,
When forecasting a return for a corporate investment structure, do you subtract state and federal taxes from your ROI calculations? *** I ask as it doesn't seem that the BP deal calculators factor in state...