Dane Reynolds
Converted My Primary into a Rental Property - Second Guessing That Decision
In October of last year I moved out of my home of 15 years in Austin and converted it into a rental property.I originally paid $143k for the home, it's worth roughly $368k today. It rented out at $2,100/mo as of Dec ...
Michael B.
Inherit capital gains tax
How to avoid your children paying capital gains tax on millions of real estate when parent die? Ive heard you can put a percentage of building in the kids names so it will automatically go to them both or a very good ...
Lydia Woods
Tax on Profits
Hi Everyone!
Me and a partner doing a fix and flip together, we established our roles and agreement. Since this our first one, before starting a LLC together we want to complete this first one to see how things go be...
Varinder Kumar
help me calculate this capital gains
Looking to sell my current property for $710,000 balance remaining is $580,000. Purchased October 2021, so it has not been 2 years yet. How much percentage capital gains tax will i pay?Is the capital gains tax calcula...
Kevin Polite
Strip 401k/IRA or self-directed IRA
I am considering moving my IRA to a self-directed IRA and told a friend and he said he took the tax hit and depleted his IRA and is happy he did. He said even with the tax consequences he came out ahead. He has comp...
Paul F. Kershing
Converting a rental property to primary residence?
I currently have a rental property with substantial assets gains. Since I will hopefully be retiring within 2-3 years, how can I avoid potential tax consequences? Can I opt to make it a primary residence?
Andrew Pettit
Stock Reinvestment Question/Tax Question
Afternoon BP,
I was just wondering when I sell a stock if I immediately reinvest it would that spare me of paying any capital gains?
Thanks, Andrew
Byron Valles
Why you should consider donating appreciated securities instead of cash
Donating appreciated securities to a charitable organization can be a smart way to give, both for you and the charity. When you donate appreciated securities that you have held for more than one year, you can avoid pa...
Account Closed
selling and reviewing escrow fees
I am selling a condo in San Diego and will be going over the estimated escrow statement this afternoon. I know there are bunch of line items and I will have to familiarize myself with the closing costs. Asking for s...
Dan N.
I am in a Mortgage Conundrum - please help
My wife and I just added our children to the deed of our house, which we currently have a mortgage on. We also happen to be in the middle of applying for a HELOC with the same mortgage lender. We started the applicat...