Todd Powell
Can I do 1031 and also have a partner on a deal? Complicated
This maybe a complicated question. I have a house I have owned for over one year and have my eye on a off market triplex. The same seller I purchased a 4 plex from a couple years ago. It is a run down property again a...
Ted Harris
Did Foreigners Cause America's Financial Crisis?
Interesting TIME article about root cause of the US financial crisis .... not sure I agree but put a different spin on what I've read and believed before:
"There is no doubt that the pressure on the U.S. financial sy...
Isaac W.
Worth it to hire a CPA for a side gig that only brings in <7,000K?
Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...
Bill Hampton
Four Things to Know about Taxes and Starting a Business
Four Things to Know about Taxes and Starting a BusinessNew business owners have tax-related things to do before launching their companies. Here are some items to consider before scheduling a ribbon-cutting event.1. C...
Manuel Naranjo
The $250,000/$500,000 Home Sale Tax Exclusion
Hello my BP mates!!Just have a little question about sale tax exclusion. I purchased a townhouse back in 2008 and lived there until December 2014 when I rented the property and moved to a single family home. I sold th...
Steve Podwojski
Can you go from an LLC Partnership back to a sole owner LLC
I have owned a LLC partnership for 6 years in Maryland that owns rental properties and filed tax returns. If I convert it back to a sole owner pass-through LLC will it spark an audit?Also, can I set it up so that my ...
Mike Stiffler
Non-resident landlord - pay state income tax twice on stock sale
I noticed a pattern when paying my taxes the last two years and it seems like I’m paying state income tax in two states from long term capital gains of stock sales.I live in CA (since 2013) and have a rental property ...
Joseph Heimann
Repair or Improvement for Taxes
Looking for advice on a specific tax situation.In 2019 I had to repair some rot in the structure of one of my rentals. They ended up needing to remove and replace 2 of the larger windows. Finishing up my taxes now and...
Joe Bol
How to get on the title of a 1031 exchange
I own and manage short term rental properties in Maui. Recently the short term rental market drove off a cliff, not the first time. In the meanwhile, a friend was in the process of 1031 exchanging into another short t...
David Nacco
Tax Deductible Home Office
Could someone who is tax savvy help me out here? I am considering building a home office, and by building a home office I mean actually building a completely separate structure from the living area behind my house. Wo...