Does anyone know how the Prop 19 parent-child exclusion applies to multi-unit properties. My parents and I occupy 2 units in a 4 unit property as our primary residence. If my parents transfer the property to me will t...

I'm surprised after reading this article:https://www.accountingweb.com/...Basically, if you have rental (or primary -> rental) and turn to primary, and then sell the property after live there for two years, the non...

What is everyone's thoughts on this? We are turning to a renter nation, and big companies are still jumping on board in different times.. The market has changed and even with the change, a company like Chase is saying...

I don’t think I would, but for some reason the IRS’ web sites example claims that I would, despite it conflicting with several CPA articles that I've read that state otherwise. I thought that as long as I lived in the...

I am a homeowner and wondering if I can move out of my current home, rent it, and use a 1031 exchange to pay the current mortgage and home equity line of credit. Can anyone help with this question? Thanks.

I am placing a house into full time short term rental to try it out.  But what are the tax consequences if I discover it is not as profitable as originally hoped and convert it back into my primary residence the follo...

I'm currently in the process of doing a cash out refi on my primary, and plan to use the proceeds to purchase more rentals. I am planning on counting the loan as a loan not secured by my home per IRS publication 936. ...

In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...

Here’s the skinny:I am a veteran with a VA loan for a fourplex in which I reside in one of the units. I have lived here for three years, meeting the 2/5 year requirement for Section 121 Exemption. I am considering the...

Hi gang!I have a few questions regarding executing a 1031 while selling a house-hacked duplex. If you're a 1031 professional dispersing advice to attract clients, please have at it!I'm going to simplify the numbers, b...