My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.
But, we have multiple rental properties owned by our LLC and w...
I am anticipating a meaningful profit on a residential rental property sale in a year or so (the sale is contingent on certain zoning changes the buyer should be able to achieve). I purchased the property in 2002.- I ...
Does anyone understand the rules of a 1031 exchange?
Is it true the acquired property's purchase price must be higher than the net sales of the exchanged property?
If a property swap occurs of different...
HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...
Everyone knows that Capital Gains can be put into Opportunity Zone Funds to defer taxation for 7 years.But what about if you have a mix of gains and losses -- can you elect to treat the gains as gains and invest in OZ...
Considering the tax benefits of seller financing for the buyer and seller.
I am considering passive investing in real estate syndications, but have questions about the tax benefit of the depreciation/accelerated depreciation.I am currently in a field that would qualify me as a "real estate p...
Has anyone created a qualified opportunity fund (QOF) with a corporation or partnership and successfully invested in a Nashville Tennessee or Clarksville TN? It seems like a great program and I was really excited to s...
The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax...
You Too Can Pay Less in Taxes!
When I first started my entrepreneurial journey, I used to think of CPAs, accountants, and the IRS as the necessary evil that I just have to deal with. Ten years later, I understan...