Hi all, I was curious about the tax implications related to a STR? I understand there are a variety of scenarios that may apply depending on how often you use the property, your income, etc. I read through what’s avai...

I currently have $830K being held by a QI at API in California.

PROPERTY SOLD
Farmland, no loans or leans.
Sold for $830K
Cash Basis is $200K

CASH OUT
$250K for paper investments
$20K to pay off debt

LIKE-KIND PURC...

Hi All, wondering if anyone knows someone in the Minneapolis area that can help execute the 1031 tax rule. Have a single family rental property that I would like to sell and use the cash for down payments on 4-5 more ...

My son bought a house in September 2022, lived in it, and then was deployed in March 2023. He will be returning soon but will be PCS to another state in the summer.
Questions:
He has been renting the house while h...

Hello all,   I just did a casual web search for some tax info, and found some fairly horrifying stuff here:http://www.nolo.com/legal-encyclopedia/repairs-vs-...  Basically, the IRS is going to get a LOT fussier about ...

I had a thought that you could potentially use RE to bypass inheritance and gift tax issues. I know that you are only allowed to gift about $12,000 to any one individual, and I know the goverment taxes you when you di...

Hi Folks - Alright, here's the context:  myself and family are building a spec home.  Selling our current residence now.  Moving into our rental property while our future residence is being built. Expect to be there f...

What does everyone think about the possibility that Donald Trump's near billion dollar tax deductions story will eventually cause politicians to change the tax rule allowing real estate investors to deduct losses agai...

Hello BP community.  New to the site and first post.  Given the recent changes to the federal tax rules/rates, I have a question regarding funding investment properties with personal (HELOC) money lent to my personall...

I bet you didn't know that gold and silver investing was part of health care did you? Silly you. One of the provisions of the Obama Health Care plan is that now, all transactions of coins, bullion, and paper money (...