Sean Tift
Looking to refinance a rental property
My partner and I own an investment property in Indianapolis(SFH 4bed 2 bath, 1508 sqr feet). We acquired the property prior to the pandemic, in 2019, and it has appreciated quite a bit since. The original purchase pri...
Ayo O.
Capital gains tax question here
Hello BP,I will be selling a house that use to be my primary residence from 2009-2015.I am being made to sell to a railway company through eminent domain.The house became a rental from 2015 till date.I was wondering i...
Kamran Rahman
Converting house hacked rental into a proper rental
Hi all,I am posting about my first rental property that I have had for a couple years I want to plan my strategy for converting my current househacked rental, into a rental. Currently I live in one room, and rent out...
John Teachout
Turbotax won't offset my rental income with my multifamily syndication losses
Can't figure out why when I enter my significant syndication losses into Turbotax it won't show the losses. I have losses of about $73k and net rental income of about $69k. The turbotax tech said it's because I'm not ...
Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
Hello everyone,I own two properties in Tennessee. The first property is a condo, and my wife and I own 90% of it, and my brother-in-law owns 10%. The condo was purchased March 2019. We lived there until September 2021...
Troy P.
What are the drawbacks of a K-1?
I was reading comments about some crowdfunding site. Someone said they weren't attracted to a particular investment because it was a K-1 instead of a 1099. I was a little confused since a K-1 allows you to claim pap...
Dina Harleth
Pay 0% capital gains on sale of house?
Hi everyone,
I am trying to figure out my best option for a house that was gifted to me while my parent was still alive. It was mentioned to me in a previous thread that I could pay 0% capital gains if my i...
Corey G.
Possible to convert an IRA to a Roth with investment properties?
Hello Everybody, I've often wondered about this but I've recently talked to a friend of mine who is in this situation. He owns several rental properties that he bought through his IRA with non conforming loans. He's p...
Jennifer Taylor
What strategy for 300K?
Would love to get seasoned investors' advice on how they would solve this investment/tax challenge: I am about to transfer 300k from a retirement vehicle so that I can use the money to retire early. It is money I can ...
Kathy Stewart
Minimizing taxes on flips
What creative strategies have any of you used to minimize taxes in these quick buy/sell scenarios?