Hello All,I have opened a Solo 401k Account last year. I have self employed income for 2018 and 2019. I like to contribute to both 2018 and 2019 this year. I have filed for extension for taxes for 2018. I am getting d...

Hi guys,So I live in NJ and apparently people are rushing to prepay some taxes.  I share a rental property with a friend and we're at a loss as to what we should do here. Any advice?Thanks

I’m curious how the taxes work for the seller. If they are owner occupiers then they won’t have capital gains anyways. So in that case it is really just the income stream they can maintain.
But, if they are tired lan...

Hey guys! I am hosting an airbnb property for my father-in-law. He wants it completely hands off and for me to handle everything.  I have added my tax information int Airbnb as it required. I am hoping someone can len...

I'm selling my house and want to understand the tax implications on the sale, because I have lived in it as well as rented out a portion of it. I've been studying IRS publication 523 and I would like to get some input...

Hi guys,Can you please help me out?I am in a 30% tax bracket (not sure if this is important)I  was thinking of selling 2 rentals.1) Rental 1. Bought in 2009 for 25K, now its 100K2) Rental 2.Bought in 2021 for 145K, no...

Hi BP!My rental property is currently being managed by a property manager. We currently have a tenant who is not cooperative (grinch-like) and hasn't been paying rent. This tenant is also a section 8 tenant and receiv...

First time poster and would like some advice on the best way to structure the following deal. I’ve researched what I can but feel like there are some variables here that aren’t really covered. This would be my first c...

Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...

Here is my scenario:- I sell my duplex which I owned for 7 years - I lived in the 2/3 portion and use the remaining 1/3 for rental all 7 years- Selling price 1 mil.- Am I correct that I can 1031 the 1/3 rental portion...