Capital Gains and Losses

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I'm selling a rental home we own. I want to know what we can
I'm selling a rental home we own. I want to know what we can do to avoid as much capital gain as possible. Is it possible to roll this into a loan that is on our current home or does it have to be new… read more
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Second opinion] My question is regarding 1031 Exchanges. My husband and I recently sold a townhome, which we had been renting out for the past 9 years. The total straight-line depreciation was roughly… read more
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Situation: Mid year 2019, a residential rental property
situation: Mid year 2019, a residential rental property owned by three individuals long term was transferred to a S corp LLC made up of the same three shareholders. Do you need to record the transfer … read more
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I have a factory job and have started a side business this
I have a factory job and have started a side business this year. I purchased the commercial property in my name and formed the LLC as the sole member. I have s corp status. No income yet, I plan to ea… read more
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I have a house in state. I have owned it since August of
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Another question then. It's about the 1031. I want to
Hi mark. Another question then. It's about the 1031. I want to build the investment property rather than buy one that already exists. While I can certainly use the cost of the land in the 1031 basis, … read more
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In June 2003 we purchased a parcel of undeveloped land
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I have a rental property that I sold in 2014. I had 2
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Did you say you needed more details. As stated: I have a
Did you say you needed more details. As stated: I have a rental on the market. My tax guy says the depreciation is "maxed" out. We are presently purchasing another rental in advance - settlement is so… read more
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I sold my rental property in 2014 and I am reporting this on
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My husband and I purchased our home in 2000, and did some
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struggling between schedule C and SE for real estate. I have 4 properties. 1 that we lived
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I bot a property 25 years ago for 250,000. It is now worth
I bot a property 25 years ago for 250,000. It is now worth 1,400,000. the building is 100%depreciated. Land allocation is 75,000. What will my taxes be? I will have $100,000 in other income for the ye… read more
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