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Questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
John Anderson
Most tax-efficient way to take property out of LLC?
Hello - we have a small two person LLC which holds a single, small, paid-off property. We would like to move the property from the LLC to our personal names. Is there a way to do this without any adverse tax consequen...
Patrick Sears
Opportunity Fund tax question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Natalie Kolodij
Vancouver Canada Imposing $10k vacant house tax- rental crisis
Vancouver $10,000 annual vacant house taxAny thoughts on this? They are saying that there is just basically no rental properties available, so if you're just holding property you're getting taxed $10,000 annually for ...
David Pope
Tax deductions when 1031 Exchange unavailable
I inherited 5.6% of a commercial property that is worth approximately $27m with $11m remaining on a loan. My stepped-up basis is $21m. For reasons I don't yet understand, if the property is sold I cannot take advantag...
Ben Lee
Seeking real estate deed transfer guidance
Hello! Im seeking advice for my parents rental property. The property was purchased on July 21, 1988 in Santa Clara county. Parent A and parent B are married and paid the mortgage in full. Aunt A, sister of parent A, ...
Justin Shie
Best and easiest way to go into a 50/50 partnership out of state
Hello,My business partner and I live in California, but are looking to invest in a duplex out-of-state, specifically Missouri. What would be the best and easiest way to have this partnership? Do we need an LLC or can ...
Christina Torres
Capital Gains tax-Potential for using a trust?
I'm in the process of acquiring a rental property from my family- they have worked hard to build their business and are in the process of retirement and I want to purchase one of their properties. I've heard that you ...
Ben C.
New Jersey Real Estate Flipping Tax Implications
Hello everyone!I was shocked to learn that the tax implications of flipping property in New Jersey could make it cost prohibitive (eat of most or all of the profit). Are there any New Jersey season investors that coul...
Sam Lee
Business Structure Question: LLC? S-Corp?
Hello everyone,
My wife and I are finalizing our HELOC, and we intend to start our rental property investing journey this year. I’ve been doing a lot of reading, both internet posts and books, and I’m trying to figu...