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I’ve read everywhere that you must file if the property is owned by a company, or if it is a rental.What about a flip as an individual?
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I'm hopefully closing on a cash out refi next week and my lender just sent me this "Tangible net benefit form" which asks me what i'm going to do with the money i'm pulling out of the house. Is this normal? I'm usin...
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For TN. Bought a cabin last year at smoky. Received this form and asked me to sign and return. Never dealt with it before. Does any one know what this is for?
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Does anyone have any info on this subject? IE. what it is and how it will impact us landlords?
I keep hearing about it and that the IRS has nto made a final decision on it as of yet?
anyone have any info on th...
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There are new ways to treat improvements to properties based on recent tax court decisions. This can be a significant tax benefit for real estate owners. The changes are related to what types of repairs should be expe...
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I was hoping to get thoughts from other BP members who may have experience in investing in crowdfunding type opportunities such as Realtyshares, Realtymogul, Fundthatflip, the Noteshop etc versus using fix and flip or...
Hi, there’s a lot for sale which is adjacent to our home. It’s 200k, 60’x108’. There are trees on the backend which I don’t want to remove (they benefit my home) and setbacks, so useable space is about 40 x 40. It’s l...
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Tangible Personal PropertyIn Reg. 1.48-1{c}, the IRS defines tangible personal property as “any tangible property except land and improvements thereto, such as buildings or other inherently permanent structures (inclu...
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I have been reading mixed opinions on this question in multiple forums and wanted to see if anyone had any references or could provide for further clarity. According to IRS regulations, "Under the final tangibles reg...
We are somewhat new to the Palm Beach County area as we purchased our first home at the end of June 2018 so we could "house hack".For part of that time we have used two units as a rental since (each around 800 sq ft -...