Ariel K.
How to Read a Syndication K-1
This is my first time investing in a syndication and I received a K-1. Box 19A had 'distributions' and there was a capital loss as well in box 1. My understanding is that I shouldn't pay any taxes on the distributio...
Lyle Quillin
Help with financing strategy
Our goal is to develop a financial strategy for moving forward on purchasing investments this upcoming year. I think I have a decent plan of attack despite a recent setback, but would love to hear what advice the BP ...
Ricky Ponting
Money trapped in celsius network tax deductible
Hello,I made some crypto investments in late 2021 under Celsius Network since Celsius Network filed bankruptcy, is the money lost their tax deductible? Appreciate your inputs.Thanks
Evan Bell
Can losses on a flip be written off at tax time?
My uncle was asking me this question the other day, and I wasn't sure of the answer.He asked, "If you lose money on a flip, can that loss be written off similar to how losses in the stock market can be written off?"
Todd Rasmussen
Tax creativity on owner finance (with step up in basis)
I'm about to make an offer on a SFH portfolio. The owner passed in the last couple of months and his children are selling his portfolio. He's owned the homes for a long time and they are currently titled in LLC, I'm s...
Brian Morissey
Tax Q's: Selling Rental Property at 50K loss
Hi,I am considering selling my rental property which I purchased for $380k 11 years ago and currently has a market value of $330k. I am not breaking even on the rent, hence rather sell. I am married with combined yea...
Dmitriy Fomichenko
Nonrecaptured net section 1231 losses
Question to my fellow BP tax expects:Can I use nonrecaptured net section 1231 losses to offset capital gain losses from the sale of an investment property? Thank you!
Jim Hwang
Seeking help calculating capital gains tax owed
Hello all, I'm trying to figure out the opportunity cost of doing a 1031 vs. Taking the tax hit in order to have more liquid capital to invest. I'm getting a wide range of estimates as a novice and would really apprec...
Kyle Barton
Tax documents to give Private Lenders
In the past we have given our private lenders a 1099-Misc to report their earnings with us for the year. I have a lender wanting to offset his earnings with us with some losses in other investments he made. Is there a...
Jennifer MacDonald
Rental versus flipping
I have purchased a home that will be ready for either rental or for a flip and I am trying to decide what to do. After purchase price and renovations minus closing cost I stand to make around $20,000 if I flip this...