Tim Lynch
Reinvest Gains VS 1031 Exchange
From a tax perspective are there big differences between a 1031 exchange and reinvesting gains within the same tax year? I buy and sell property with an LLC and just closed on a flip with a $60k profit. The sale price...
Casey Schultz
Can I Exchange Two Rental Homes for One?
I'm wondering if anyone is an expert on or has experience with doing a 1031 exchange with two homes for sale at one time? I have a condo in St Petersburg, FL, and a home in Northern Colorado and I'm wondering if I ca...
Debasish Bhattacharjee
Rental repair invoice without tax id - is valid for tax return?
I have a rental property improvement invoice with no tax id. The handyman refuses to provide his SSN. The worth of repair $5.5K. Is the receipt valid for next year's tax return in California?
Jomon Kannala
Has any one used Market Place Pro software for Tax liens?
I am looking into tax lien investing. I came across United Tax lien and Market Place Pro software. Has anyone here used this company and this software platform?
Jay J.
Mom & Pop.. not Trump
Hello Tax experts! I have a question. (and I know nothing about RE taxes)I'm sure most people have heard the latest headline about D. Trump and his (almost) a billion dollar loss that (presumably) he carried forward...
Mark Nugent
Cut back on 401K contributions to free up investment capital?
I'm just about to close on my first rental property -- a duplex. Currently, my wife and I contribute the yearly maximum to our employer 401K plans to decrease our taxable income. However, now we are considering r...
Robert McCormick
Tax Assessment Value Doubled - Will Annual Taxes Double? (Sussex County NJ)
The current tax assessment value of my property is $119,700 and I pay $4,188.30 annually in taxes. (2023 tax year)My house was recently revalued by an appraisal company with a 2024 assessment of $254,000. Does this ef...
Rebecca Raskind
Successful Palm-Springs inspired flip in Ladera Heights
Investment Info:
Single-family residence fix & flip investment in Los Angeles.
Purchase price: $1,040,000
Cash invested: $350,000
Sale price: $1,940,000
Contributors:
Samira Mahjoub...
Erica Milano
1031 or Pay Taxes: Selling a Place During Pandemic
Hey All,
I'm currently on the fence of selling my property during a pandemic and wanted to seek for advice.
I purchased my condominium in California about 10 years ago. I initially lived in the property but moved to...
Eugene Rabinovich
Areas to Invest near CLT?
What's everyone's thoughts on surrounding areas such as Rock Hill, Kannapolis, Greensboro/High Point?Semi new to the area (from SC) so I am learning about the surrounding towns. My plan is to house hack first then inv...