Blaine Alger
Dead Property Owner? Does brother Have Right to Sell the House?
So the Owner has been dead for 3 years and and did not have a will. The brother (who i spoke with) has been paying the property taxes for the last 3 years.
The deceased owner has a daughter who he didn't have a relat...
Michael Garrett
401K - Should it stay or should it go now... ?
Evening, Fellow BP'ers:First let me start by admitting that I recently listened to the most recent podcast with Kyosaki's CPA followed by Kyosaki's episode 500. Where basically in the first 10 minutes he poo poos on ...
Chad Clanton
Does the money invested in a still-owned flip from last year count as a tax loss?
It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...
Charles Wesley
Selling RE - how can I minimize tax burden? something like a 1031
This is my first post folks so I hope I'm in the right place. I sure do appreciate hearing other perspectives from all the creative minds on this forum so thank you in advance!I have a vacant parcel of commercial lan...
Chad McIver
Help with tax liability of first successful flip!!
I just received a accepted contract on my first flip, in St. Louis City, MO. Happy with the way it turned out and the profits. Still have to get through inspections.
But List price $99,900, sold for $98,000...
Account Closed
How to sell with low tax bill - 1031 or 121?
My parents bought their primary residence 30 years ago for 250k. It has appreciated to 1M. For the past 5 years, they've renting it out and have been living somewhere else.
They want to sell it in a way that has th...
Agnes Chlebowski
Should I go with my FInancial Advisors advice?
Hello,Our Financial Advisors have been great so far. We have accomplished so much to date with their aid.They would like us to move our corporate investments from a current ETF fund into a Fidelity Global Balanced Cla...
Brian Bradley
California Private Retirement Trust (PST) and Asset Protection
If you are a CA resident on searching about Asset Protection you might have read some of my other forum post on DST and its benefits for CA Investors. Another option for CA investors is the Private Retirement Plan/Tru...
Account Closed
Philosophy of how much to put in 401(k)?
Hey guys, this is a relatively simple question, and it may have been asked already numerous times, but I think with the new upcoming tax changes it may be worth considering again. Would you guys recommend that I max m...
Joe Black
Surprise 17,000 Tax bill due to LLC transfer.
Hi this is my first post.
last year I created an LLC and move two properties into it, my wife and I own the LLC and we both owned the houses as well.
houses have been rentals since 2019, and LLC was created on 2023....