I put in an offer on a short sale property in March 2013. The offer was accepted by the owner, contract signed with a settlement date of May 30, 2013, negotiator was assigned, and short sale was approved by the bank ...

Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...

Hi AllWe are selling our gas station/property and provided the buyer with the past 3 years business tax returns and are doing an inspection, but I received an email form the buyer saying their banker is asking for my ...

My question is what are my options for capital gains taxes? I am going to sell a flip house and profIt about $30k. Do I roll this into a new flip house, purchase investment property or down payment on the purchase o...

I apologize if this has already been asked:
I purchased a condo in 2019 to flip using hard money and it will sell in 2020. 
Do I enter the full purchase price in my Cost of Purchases or just the down payment on the ...

I had changed accountants between 2013 and 2014. The new accountant is insisting that I need to file a schedule C instead of a schedule E. In my opinion, I thought that continuing to use a schedule E would be the way ...

I'm building a spreadsheet, and I'm stuck on a part I'm not quite sure on:
Basically, I'm asking if dividend recapture amount is realized only if there's a gain on sale, and if it's dollar for dollar (e.g., $1,000 i...

I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental. Trying to understand if we should sell now...

Im considering selling a SFR with good tenants, but I know that I will be really inconveniencing them both with showings as well as with a possible  move out if the buyer is an end user.Anyone have experience with thi...

This is a question I get all the time from investors, and let me start out by saying that I almost exclusively deal with residential Real Estate. This is usually Single Family or 2-4 unit BuildingsTo these sellers, I ...