Hello!I am in the process of doing my taxes and I am currently just using Turbo Tax (not the best, I know, but I have been struggling to find a good CPA). In 2022 I inherited a property with my brother. We sold it bel...

Hello everyone, thanks for reading!I was doing some digging on this topic but after a while of reviewing conversations that were close to what I was looking for I thought it made sense to post the question.I am a Cana...

After looking into a property and running the numbers, I noticed that it was behind on taxes by a couple years, and I know that I can negotiate the purchase price based on this. Would you simply subtract the tax delin...

Hi BP members

Hope all is well.

I am curious to gather collective thoughts and opinions on IRA and 401k investing. Some people believe they should continue due to company matching as well as invest in IRA for tax s...

If I lease purchase a home and pay a lease payment for 2 years and then find a buyer to buy it, do I still get to write off the whole capital gain amount even though I only owned it for an hour if its a double close?
...

Hello, I am new to tax lien investment world. I am interested in couple of liens in Hartford, Connecticut. I appreciate any advices and tips from about the properties in Hartford, and if anyone had purchased tax lien ...

We own a 2-family brownstone in Harlem, NYC. We currently rent the basement apartment and live in the rest. My wife has suggested we sell the basement apartment as condo, using the proceeds (after some reno costs) to ...

I am considering to buy a home with a built in ADU in CA.Can i deduct a part of property tax and mortgage interest of the property as an expense for maintaining an ADU?
So for eg: Total Property value in 1M (75% mai...

Hi guys,  Looking for some information from those of you that flip houses as a business. I am referring to more than one a year. Specifically I am wondering how one goes about the taxes with this situation, such as ca...

Hi BP,

Quick question for ya'll.  I'm considering a 401(k) loan to buy some investment property.  My question has to do with how the tax and penalty is calculated should I quit or lose my job - I have no expectatio...