Cameron Price
Is Tax Math Fair? And does anyone actually understand it?
I just filed my taxes for 2018, and had to pay in a significant amount of money. This got me exploring some of the details of my situation and trying to figure out some of the math and the logic for certain things. I...
Neal Collins
Keep the deal alive!: How to help seller avoid capital gains
We are looking to purchase a duplex from an absentee owner who acquired the place 13 years ago for $175,000. He is willing to sell it now for $250,000, but he has a $150,000 mortgage on the place. We almost lost the d...
Will Lenz
First flip goes great!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $215,000
Cash invested: $50,000
Sale price: $349,999
My wife and I purchased the home from a friend whose demen...
Zoey W.
This make NO sense... property tax question....
I live in AZ and googled "Do property taxes go up every year in Arizona?"... the answer google gave was:
"Arizona is the No. 3 state predicted to have the greatest property tax increase in five years, or by 2027. Wit...
Randy Lin
Buy & Hold
Is this a good deal?Property: Austin, TexasPurchase Price: $145,000Rent: $1300/monthProperty Tax: 2.7% a yearHOA: $0Maintenance: 5%Property Manager: 8%25% down, 3.750% interest rate for 15 yearsSFR will be completely ...
Matthew Harrigan
Mega backdoor Roth vs taxable
I am a retirement account maximalist. I want to make sure I'm not missing something.I can withdraw penalty free from prior Roth contributions and 5+ year old conversions, an inherited tradtional IRA, an HSA with prior...
Thripura Vemireddy
Capital gains tax on a Flip home - sold after one year
I bought a home and renovated it and sold. It took me more than a year between Purchase, Renovate and Sell. Still got some profit.What would be my tax rate? Long term capital gains or short term capital gains?I would ...
Crystal Kaczkowski
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Will Barnard
Take the Tax Hit or 1031?
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
Joe Lambert
Suspending Depriciation for Taxes
Is it possible to suspend the depriciation clock on a SFH utilized as a rental. The reason for this is that the next decade will be a very low tax era. The addition of the passive income deduction will lower my taxes ...