Tyler Divine
*Tax Pro Question* One year clock on new home build?
Quick hypothetical question for Tax Pro's out there:If you have purchased a lot to build a home on, when does the one-year clock start to switch from short term to long term capital gains?Does it start when land was a...
Chris Campeau
Recent Experience with Western Wealth Capital/Other Operators
I have been to several meetups lately and there have been several comments about several deals with Western Wealth Capital running into trouble recently, but no one could give me any specifics. If anyone has any dire...
Brad Rondeau
Are my investments sound
Hello, I continue to question my investment in Laguna Niguel CA. I purchased a 3 bdrm condo for $365,000 in Dec 2009 with 20% down. I now have a 4% loan but pay $280 in HOA fees monthly. I did about $16,000 in i...
Ellen A.
Tax benefits? Real Estate Professional Designation?
I now have 3 rental properties and 1 primary residence. 2 of the rental properties are doing great but the other 1 is turning into quite the money pit. We hope to spend a lot to fix it this year and maybe next year ...
Michael DiFranco
How is property depreciation/basis affected after a fire?
I am trying to sell a commercial investment property and am wondering the tax implications.Here is the example.I had a long term tenant, 40 + years. Original Value of Building in 1970 was like $500k.In 2007 there was...
Jeff Tumbarello
Bank of Florida, closed today by the Florida Office of Financial Regulation, which appointed the FDIC as receiver
http://www.fdic.gov/news/news/press/2010/pr10125.html
Everbank, Jacksonville, Florida, Acquires All the Deposits of Three Affiliated Florida Institutions
B...
Krista Manna
Carry over losses for doing taxes
Because I purchased a property in 2020 and then sold in 2021, my 2020 taxes had a loss listed on them (both for the business and for my net income). I'm trying to figure out where to list the loss carryover in Turbot...
Kshitiz Srivastava
Taxes on sale of investment property with suspended losses
I am a newbie passive investor and trying to understand tax implications of selling a rental property which has passive suspended losses. I don't have a primary residence (i myself live is an apartment), and recently ...
John Brown
Mitigating capital gains
Good day all,
i have found a property that is for sale and the owner wants out of it. It is approximately 5 yo and consists of a few duplexes for sale on one side of the block and he owns a few more on the other si...
Jason Powell
What are the downsides of making a grouping election?
I've read articles and tried to drum up info online about the pros and cons of making a grouping election for rental real estate activities, but it's not "clicking" with me for some reason. Hoping someone can share th...