Jean Bolger
Question on personal residence capital gains tax
So, I was talking to a friend who is looking to help her father sell his house. He's owned it for many many years and it is in a nice area. The plan is that he will buy a smaller condo for himself and probably another...
Ken Martin
How To Do a 1031 Exchange For An Existing Syndication
Hi BP community, I am about to kick off a syndication/raise for a great multifamily property in the midwest, and a few potential investors have expressed concern around investing given they would want to be able to IN...
Zac Kucharek
Starting LLC questions - 1 or 2 member LLC
1 or 2 members for LLC for spouses when loan/title are under both spouse names:—————————————————————- Hello,I am starting an LLC and have some general questions. I am using the LLC mainly to shield liability from the ...
Michael Lerch
Need advice on taxes for S-Corp (good beginner lesson)
So I formed an LLC and opted to be taxed as an S-corp in 2012 thinking I'd save money on payroll taxes when I make a ton of money, well... like most new investors I only made a little... $1,650 I paid myself out of a ...
Peter Lee
Can capital gains be rolled into another property via 1031?
Wondering if capital gains from a sale (and capital gains only) could be taken and rolled into a different property via 1031 exchange to avoid the tax hit. Or does one have to take all the proceeds and roll them into...
Carson Wilcox
Starting out... help me understand the tax man
So. I am starting out, working on a deal right now where I will partner as a JV on a SFH with an experienced investor. At the end of any flips we do, I will get a check and a 1099 at year end...What I want to know i...
Aaron Rosenberg
Help! I have a tax bill and not a refund for the first time!
I'm not sure if I've succeeded or failed. This is my 8th year using TurboTax. I put in the Schedule E's for my two completely-owned properties and for my mortgaged property. I put in my W2 and my wife's W2. The so...
Andrew Badiac
Looking for advice..first time investor
I bought my first house about 1.5 years ago. I have since fixed it up and could sell it and make about $20-$25k in profit on it now. I'm having a hard time deciding what to do as this house is my primary residence. I ...
Dan Powers
Maximizing 1031 in a Hyper Competitive market
Obviously, the real estate market is on fire currently, with every decent MLS deal selling as well as most off-market properties selling within a few hours of being released if you're able to find them. I want to know...
Andrew Meringoff
Installment sale interest vs. cap gain
Situation:Found a seller who wants to sell but doesn’t want to pay 300k gain all at once.Pure vacation property/second home. Bought for 359k will sell for 659k in this example.Assuming 150k down payment in 2024 50k an...