We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...

My wife and I closed on a Condo Jan 19, 2017. Since then, it's appreciated ~120k (Seattle market + some renovations). I've read time and again that if we are live in owners for 2 years, there isn't capital gains upon ...

Question for a CPA out there.. I have a client who bought land in March 2022.  She then bought and put a mobile home on the property in July 2022.  Can she sell in March and avoid capital gains tax?  Or since the mort...

I was wondering if anyone knows if the 250k or 500k for married couple capital gains tax exemption can be prorated? I’ve lived in my house for 6 months but it’s gone up in value $100,000 and capital gains would make o...

Hello all,
I am a chef that bought a live and flip to get my foot in the door with real estate.  I bought a foreclosure and fixed it up my self and added a bed room and bathroom on to the house.  The restaurant I was...

So I will begin by saying I have already spoke with my CPA regarding this. I am here for second opinions from other wise investors and CPAs. I purchased a home 9 months ago to live in with my wife. Shortly after I bou...

Hello BP !wife bought a condo in NYC 15 years ago.  We lived there til we had a baby and moved out to rent a 2 bedroom.  We wanted to list it sooner but life and covid got in the way and are going to list it in a few ...

Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I mov...

If you’re already in a Fix & Flip project, but you need additional capital due to unforeseen circumstances how do you raise that money to complete a BRRRR that you already started.

Hi everyone. I am selling my residential house in Maine with a expected profit of 30-75k range. The townhouse condo unit was purchased at 430k in sept 2019. I would like to know about type and amount taxes associated ...