We are closing on a 7 unit in California in just a few days with rents that are very low- $450 instead of $630.  Long-term, month to month tenants, rents have not been raised in years.  We will immediately raise the r...

Hi, I am new here and have a question about taxes when selling an investment property.My husband and I own a rental property in Phila, Pa but want to sell it. What taxes will we need to pay besides the capital gains t...

We are in California, but doing business as a Wyoming LLC, how does this work at Tax time?(Tax deed investing...first year, all losses, but this year some deals in progress)

Here’s my scenario:Parents have passed away and left 2 sons their primary residence (which was in a family trust). Prop 19 requires one of the sons to make the home their primary residence within a year and file exemp...

Hi, I will inherit a multi-family property with no current mortgage and 4 Rents as income along with my Sibiling. She wants to sell to me. But want to retain my Fathers' Prop 13 low Tax basis when transferring ownersh...

Hi Everyone,For QuickBooks setup, should I setup a separate company for my rental and flipping business?  Both are currently operated within one LLC/Tax ID.

Hello.  I have a rental home and another person wants to invest $100k and become tic and share in costs profits etc when I receive this money does the irs consider it a sale of the property and taxable or an investmen...

I am trying to sell one of my Solo 401k properties. I've been made an offer of 50% down and for me (my Solo) to owner finance the other 50%. Is this legal? Can someone point me in the right direction? I really need a ...

irs rules for a 1031 exchange are the most convoluted in the entire tax code, IMHO. Nobody "exchanges" a property and a mortgage for another property and mortgage, its usually always sell and buy or buy and sell. The ...

Hello all. Can someone explain the details of selling a house to a child?
Is there a limit on pricing?
Does it have to be sold at fair market value?
Are there limits to the “look back” for primary home exemption?
...