I need to borrow $50,000 from my brother for about 2 weeks. Do I need to report it ? Or can he give me 3 deposits
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Aloha I have a complicated real estate, inheritance and tax issue I’m trying to solve.My current approach is to get info on how often you can disperse $ your children under the lifetime estate exemption of 11ish milli...
BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania.
I assume They should be able to gift all...
Good Morning,My parents, who live overseas, want to gift me some money which I would use to buy my first investment property.Does anyone know the tax implications of doing this? Will this gift count as income, and wil...
I am a 26 years old and I currently live in Texas. My family owns a few houses in Georgia and wants to transfer one of the houses to me as a the new owner. The house has about 60k left on the mortgage payment and is v...
I know there are different views on whether you should give Christmas presents to tenants. I find it is a useful practice; it shows tenants that you value them, and I get to go around and visit all of the tenants i...
Looking for a creative gift to give this holiday season to one of my mentors. Please share some ideas.
Hello group! im new here and this is my first post! I have a question in regards to gift or equity.My parents have a house they wanna get out of a payment. They owe 68k, it does need some work, I’m willing to put in t...
My tenants are wonderful people and perfect tenants! I’d like to give them a little something to say thanks for being such great tenants/neighbors. Thoughts? Plus I can add it as a tax write off I’m pretty sure.