I can't find much discussion of this, which makes me suspect I haven't actually stumbled onto some magical tax loophole. But what discussion I can find seems to indicate it applies to some real estate activities. Hopi...

Hello all, The Jist:Bought single family house in 2008 for $93k, rented it out til May 2016Renovated house for around $12k and sold for $145k in Nov 2016Previous tax returns say I have accum dep of $26kBefore I head o...

So...
can I take a qualified capital gain and create my own opportunity zone fund , then inlist a turnkey operation to sell me a house in an opportunity zone the charge me for the rehab after the sale and cover the b...

Example: If I buy a 4bedroom property that has a market rent rate of $750 and have a rental lease agreement to my wife for $1,000 who then sublets each individual room for $250 each totaling $1,000, would the initial ...

I'm trying to structure a California LLC as the non-cash partner. My partners are bringing the cash to the deal. We are building ground-up condos and planning to hold them for rent long term. I found the property and ...

I bought a property last December that is unique in that it has a rentable cottage, basement apartment, and 6,000 ft 6 stall horse arena (all despite being a "single-family" residence). We are currently renting the co...

HiJust wondering what will happen if I don’t file state income in another state.? The rental income is likely 5-15k in Indiana ( not sure)

Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding...

Hey BP, I'm beginning a hunt for the right tax accountant in SC. I recently bought my first property, and have brought in a roomate paying rent to me. I have questions regarding how this affects my taxes, and would lo...

Hello,

My co-worker brother and wife passed away in car accident leaving a baby behind. His brother had a trust which give one of the grandparent custodian to manage there boy assets until age of 18. They are wonderi...