Austin Ralls
Pulling money from IRA's
Hello BP Community, I've got a few Private Lenders that are interested in moving forward and have money in their self directing IRA that they are interested in pulling money from to put towards investments. I know tha...
Michael Harris
Can you rent out your primary residence to your LLC for tax benef
I have a home I've been in for 5 years. I want to rent it out to my LLC, stay in the home, pay the rent and write off the expenses. Can this be done?
Kyle Smith
Missed my 1031 window, any other way to defer taxes?
I missed my opportunity for reinvestment of funds using 1031X (couldn't find a suitable property) and now I'm facing a $60k hit for the sale. I'm in Oregon so the tax bill will be too much to stomach.Any other options...
Derrick R.
Newly married, wife's home with equity being sold...taxes?
As the title suggests, my wife owned a house with quite a bit of equity in it and we are in the process of selling. She lived in the residence since it was built a few years ago and just moved out when we were married...
Keenan Smith
Are loans tax-free??
Hello all,I'm new here and I've heard from several sources that loans are tax-free. Is that accurate? It seems like a giant loophole to me. Is that why you would refi after rehab?
Brian Champine
Depreciation recapture - a losing proposition?
Most of the articles that I've read assume that capital depreciation is deducted from current year income at 25%, or deferred in the case of someone with too high of an AGI to deduct real estate losses. In my situati...
Christian U.
MACRS Annual Depreciation
Hi All,I currently only have one rental property, an SFR in Texas, that I've had rented for a few years now. When I put the property into service, I began to depreciate the property under the MACRS General Depreciatio...
Thuy Pham-Satrappe
Different property tax rate for buy and hold investors?
I'm looking to buy and hold in Fort Wayne Indiana which is in Allen County. The website gives a calculation on property taxes but I'm wondering if it's accurate for me as an investor? Does it take into account tax ass...
Glen Gallo
Sale Analysis Fees and Taxes
Hello I am putting together a worksheet for analysis of whether to keep and rent or sell and take profit for a single family home.The home has never been my residence. Held more than a year. Married filing jointly 12...
David -
banks and under-reporting income..
This question does not apply to me as I do not under-report my income.
But say you are applying for a loan or mortgage and after the 4506 the bank has reason to believe you are not reporting correctly or your income ...