Can you buy a home all cash under your child's SS number in an UTMA? One for each child both different SS numbers so income would be 20,000ish per year putting them in low tax brackets while you manage the property un...
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Hubby and I are putting the finishing touches on our first investment purchase. We bought it to be a rental. However, we have learned from our realtor that we may be able to sell it for more than we realized. Even ...
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Recently spoke with a lawyer. Starting a basic holding corporation documents is about $500. Any know how much the accounting cost is for beginning real estate corporation acquiring2 properties this year??
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Hi everyone,
I'm contemplating selling a house that was gifted to me by my father while he was still alive. I'm trying to calculate what I'd net from the sale of the property (to make a comparison between sel...
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I recently attended a class on advanced tax strategies for real estate investors. As we all know the standard "straight line" depreciation allowance from the IRS is a 27 year depreciation schedule on residential inves...
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I am in the middle of a 1031 exchange. The blog by Jeff Brown in today's newsletter (http://www.biggerpockets.com/renewsblog/2015/07/25/real-estate-investors-myths-eternal-truths/) was the latest place where I heard ...
I'm over 59 1/2, I want to buy a home with Traditional IRA funds since I'm elibible not to take the 10% penalty but would take such a tax hit now since I'm still working. I know I can't live in this house if I do sel...
Hello,
I have a property on my name for over a year. I am planning to transfer the title via warranty deed to an LLC (which I wholly own) before I sell it. Will that impact my capital gain tax bracket, if my corpora...
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We own a home that we've rented out for the last 13 years. This house had previously been our primary residence.We are thinking of moving back into this house for 3 years to save taxes. The house was purchased for $28...
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Regarding the US Tax Bill being signed into law today, what does a reduction in the corporate tax rate from 35% to 21% mean to you AND/OR what does the capped 10k towards state/local/property tax deductions mean for y...