Hello,I am in dilemma about my investment house whether I should keep it or sell it.I bought a house in Austin area in 2007 for $310k which includes down payment, closing cost. Lived in that house till end of 2008 the...
I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...
I'm looking to invest into real estate, if someone can please help guide me about which type of property would allow me to earn an bonus depreciation?
hi, I bought three properties 1+ years ago through a turn key company. It hasn’t worked out as I’ve liked so the turn key provider offered to buy them back from me for the same amount that I bought them for. This ac...
If I participate in syndication deals and own real estate, can losses from one be used against the other? For example, if I receive a $50,000 loss from a syndication through a cost segregation study and bonus depreca...
New Investor here, in contract on my first rental property.
If I do not have any revenue related to the property in this fiscal year, can I still take all the legal deductions? Do I have to wait until I can show rev...
As in, is there a tax loophole here to avoid capital gains? I know of 1031 exchanges, but this is a bit different....I took money out of some of my rentals a few years ago to buy more. Wondering if I sell some now and...
Hi All! Have a scenario to run by everyone:My wife recently received a job offer in which she would make a lot more money, but we would have to relocate. We are currently own our home which we bought about 1.5 years ...
Hi everyone,
I'm contemplating selling a house that was gifted to me by my father while he was still alive. I'm trying to calculate what I'd net from the sale of the property (to make a comparison between sel...
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...