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Results (10000)
Todd Magin One Gain, One Loss, Do They Offset?
25 January 2017 | 0 replies

A friend wants to sell two homes, neither of which he can claim as his primary residence. One property he will likely have a $120k gain on. The other will likely sell for a $60k loss.

If he sells them in the same y...

Ariel K. How to Read a Syndication K-1
28 March 2021 | 6 replies

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
17 December 2018 | 5 replies

 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
23 October 2022 | 2 replies

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?
14 July 2017 | 2 replies

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)
16 December 2019 | 11 replies

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
17 December 2015 | 9 replies

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
9 October 2016 | 3 replies

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
4 January 2023 | 3 replies

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
13 April 2018 | 1 reply

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...