Amir Navabpour
What costs can I add to my cost basis when selling a property?
Trying to decide if its worth the 1k fee, and the hassle of beating the 45 day window to find a replacement property that the 1031 rules call for....Bought the property for 112k, and it will sell for 148kI am creditin...
Matt Tallent
What is my tax loss good for?
Hey all,2018 was my first year investing and I took a loss on my first property because there were repairs and upgrades I wanted to make. I’m taking a loss for 2018 and want to know what the loss is good for. I’ve hea...
Kevin Lefeuvre
Price Trend in California as a consequence of the new tax bill
The new tax bill limits state and property tax deductions to $10,000 and mortgage interest deduction on mortgages down to $750,000. This could negatively impact appreciation of RE in California. 1) How is this impacti...
Oliver Monnet
Difficult to start in a country where stamp duty are 16% !
Hi Everyone, It is a honor to be able to write on this forum, i hope this message find you well.I am looking for good advise from qualified people that have experience in this matter, and i belive i found the right pe...
Derek Luttrell
Taxes for Renting Bedrooms
Hi everyone, I closed on my first purchase about a week ago (house hacking through roommates), and today my roommate sent me their $900 rent for August via Venmo. Rookie question here, but what do I actually need to d...
Dee Jesse
Primary Residence: Portion Used as Rental Questions
If I want to continue to live in my primary residence AND now rent out a portion of it to a renter, am I able to do so? Would I have to inform the lender? Can I then treat my property as an investment/income propert...
Mike Faulkner
You're not going to like this question, but...
As a self-employed VERY small business owner paying approximately 40% of my profit in income tax every year, I am (understandably) not interested in giving the IRS almost half of the money my tenants will pay for rent...
Joe Liu
Is there a loophole or workaround for PAL without being a REP?
Is there a way around the PAL as an investor who maybe just purchased their first investment property, both husband and wife work a w2 job, make $200k+ so the PAL doesn't give them any benefit, but the plan is to keep...
Jillyan MacMorris
Should I Do a Cost Segregation on My Single Family Property?
I'm currently in a single family house hack I am about to move out of. Can I do a cost segregation on a property I didn't purchase as an investment property but plan to use that way? Does it make sense to run a cost s...
James Slaughter
Selling Rental Property, Tax advice?
I own a townhouse that I moved out of in December 2012, and current tenant is purchasing next month. Since I have not lived there two of the last 5 years, am I correct that I will have to pay capital gains on the dif...