Hi all,
I have a rental that used to be our primary residence. We moved out 3yr 2 months ago. So we have missed the 2 of the last five part of the rule. Is there a sliding scale for capital gains taxes for the next t...

With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?

I  sold my primary residence/investment triplex last August 2022 and purchased a property through a 1031 exchange. I used $250k (personal exemption for the primary residence portion of the sale) and then $250k (in the...

Here's one for the community:I currently occupy one unit of my duplex, while renting out the other.  I'm considering selling the duplex while it's still 50% personal residence.  I'm looking at a total gain on the prop...

To all the lawyers out there, how does renting a room month-to-month or 6 months apply on personal property affect homestead coverage and liability?  Rentals are straightforward, but this is more of a it depends on qu...

I currently own and live in a two family row home. I live in one unit and rent out the unit. I report the rental income on schedule E on my personal 1040 along with applicable expenses (ie 50% of the yearly property t...

So I made a mistake.We sold a rental property and I assumed that we had to do 1031 exchange to avoid capital gains tax. My bad. I didn't double check for exceptions.$850 later, thinking I was so smart for doing 1031, ...

Here a good article by Forbes that breaks down a lot of the new stuff in the tax bill.

It clearly mentions real estate at least twice. The author argues that those who sell real estate could be adversely affected ...

I understand with the new tax law that if you use a HELOC on your primary residence to purchase (possibly improve) investment/rental property, that the interest on that HELOC is deductible.  Will this interest be list...

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