We have the potential ability to be rolling out of a project we picked up this fall at a great exit price. One thing that worries me though is the fact that we will be paying 'ordinary income' if we sell before we ...
So I always hear people talk about cost segs and bonus but no one mentions the ordinary recapture component.
The IRS doesn't like people taking ordinary deductions one year, then selling an item, and getting all capi...
I have a potential sale in 2018 of commercial rental real estate consisting of a building and land. The date of acquisition of the building and land was 3/1/1985. The building is fully depreciated, and I am confused...
Modeling a potential [transaction] scenario and would appreciate feedback/insights on legal and/or tax implications as well as whether each of the options for the overall transaction makes sense ...Property 1 is value...
We have a LLC that just closed on a flip where we made short term capital gains on. We decided not to do a 1031 exchange, but are looking for ways to minimize the taxed amount. Under this LLC we also have rental prope...
Hello,Say I sold a home and I paid capital gain taxes because I lived in there home more than 1 year. Where my capital gain was $50,000 my capitals gains tax bracket was 10% which leaves with $45000 profit. Do I have ...
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
I recently converted my primary residence into a SFR and completed a cash out refi. I plan to invest some of the money in a business doing flips and remodels with a partner. Are there any strategies to avoid my profit...
Hey all, I did a cost seg on my rental property last year & wrote off a bunch of bonus depreciation. Unfortunately, I'm facing an upcoming divorce & the easiest solution to my financial situation is to sell th...
I am managing the construction of a house on an investment property my parents own. They said they would pay me a fee and split some of the sales profits with me. Any tax savings I can get on this type of relationsh...