Hello BP ! Can some one suggest me in the following situation what will be The Capital Gain Tax !! I been waiting to hear from my CPA and have to make decisions ASAP.Date of purchased:- 2011 lived as a primary residen...

I have a property that is fee and clear of mortgage. im renting it currently but am thinking on selling to 1) pay down some bills 2) get my real estate investing started. The thing I am concerned about is taxes. Is th...

Hello,
I am going to sell my house this spring. I will made a profit of over 250K(i'm single) so will be up for capital gains taxes. I have a second mortgage/line of credit of which I can take out a further 35K if I n...

Does the gain on the investment property needs to be reinvested only to prevent the capital gains tax or the final selling amount needs to be reinvested. One of my friends told me that the gain needs to be reinvested ...

I own a single family home that I am currently renting out. My father is on the mortgage and title. I plan to move into the property for at least two years and then sell. My father is letting me keep any and all gains...

Can anyone please give me an estimate of what would it be the taxes percentage that one would be paying if one bought a home for $400k and sold it back for $700k.

Hello everyone,I have a tax question that I was hoping to find an answer for on this forum. A little background, I am a licensed general contractor in the state of Idaho, and I also have another company solely for inv...

My wife and I have a duplex purchased in November 2013 and lived in 1 unit and rented the 2nd unit until October 2019 when we purchased a Condo to live in as permanent address. We're looking to sell Condo after 2 year...

Is it true that in California, you don't have a capital gains tax if you earn less than $500k on a sale of a property in an LLC?  If not, what is the rate?  Thank you.

Hey guys, looking for some advice in this scenario I am in.
I purchased a house about 1yr 3mo ago for 185k. The market is hot where I am in Ocala and it looks like I am able to sell it for 300k relatively soon. The d...