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...

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 ...

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...

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...

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...

I've never hired an EA or CPA before and need advice on vetting them to avoid being taken advantage of. I feel capable of handling my accounting in general, but I primarily need help with taxes for my real estate and ...

Having a hard time finding info on Biden’s tax plan on long term capital gains. I see he’s Proposing basically doubling the rate for the 20% bracket. Does anyone know if his proposal effects the 0 and 15% bracket?

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 ...

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...