So quick question I couldn't find while searching the forums. Let's say you hoise hack and 1031 your way up to multiple properties and you finally use one of the homes as your exclusive principal residence and sell. H...
Is there any update on the GOP tax plan and changes to IRS Section 121?
Last I read, it was proposed that the capital gains tax exemption requirements may change. The requirements for a tax free sale would require y...
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 ?...
There are a lot of reasons to love being a real estate investor. One of the most impressive is the “unfair” tax treatment investors get by the US Government - and we mean that in a good way! On today’s episode of The ...
Hi All,
Been a member since 2020, but not very active. I finally have my first deal done and generating income. I am trying to review the process and see what lessons learned can be gleaned from the whole experience...
I found this when reviewing the new tax bill and posted about it in another post. Its not something I've seen mentioned in any of the news coverage. But very significant to folks here. This tax bill has a HUGE cha...
Newbie question here - how to I find the taxes for a property? I've been using - https://www.hctax.net/Property/PropertyTax to find tax receipts, but sometimes I end up with weird numbers. I was looking at 1003 Baltic...
So I closed on this property (triplex) around Mid-Feb 2020. I just found out thru a letter from the county, that I am now in foreclosure because I'm apparently delinquent on my property tax. I thought this was weird o...
I have the most basic question (I understand the "basics" of Georgia tax sales):So, a property owner needs to pay the sale price plus 20% interest on a tax sale I purchase at auction in order to redeem it. Is that "sa...
Hi Everyone, we recently just purchased our first rental property and we put it in an LLC Account. We ended up selling the property for a profit instead of keeping it for a rental property. My question is can I go ahe...