has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?

jim

Hello everyone,  I am trying to get somewhat of a plan together before I jump into this.  If I have no business entity at all and buy a house in my name and do a flip, how would the capital gains tax hit me? Versus if...

One aspect of real estate that people don’t always appreciate fully is the favorable tax treatment that real estate investors enjoy.Investors who care only about an investment’s returns miss the very real benefits of ...

Hi All,I am claiming RE professional in 2019.  I'm active in managing all my rentals, my flips etc...However, I have a passive loss from a K1 issued by the syndication deal where I am set up a limited partnership.  Ca...

Hey BP Family have you ever done an analysis on a possible property you can flip and realize the amount of capital gains tax you would have to pay?  Well I recently did and I am flabbergasted on the amount that I woul...

Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
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Hello.I have a foreign friend who is interested in invest in rental property, but there is one concern that he has to pay 30% withholding tax. We agree that I will be a manager for finding good deal since I know the m...

Hey BP!I am looking around for an accountant in the Portland/Vancouver area who has RE clients and can speak into how Private Money lending will be taxed.  Mine seems to have taken a vacation :(  Your help is apprecia...

Anyone worked with a tax strategist they can recommend? I'm particularly interested in the following areas:* offsetting ordinary (w2) income with bonus depreciation (with cost seg) on RE investments as REP* 1031 excha...

I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?