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I have a client who has about 11 mobile homes. He collects
I have a client who has about 11 mobile homes. He collects rent and has minor expenses. Seems simple. However, he offers a “rent credit” that if the tenant pays rent on time for 60 months (5 years) he… read more
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I would like to sell a single family rental property; my
I would like to sell a single family rental property; my question is can I sell under 1031 and purchase a single family home for me and my Family to live in? … read more
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30 years ago my partner, to whom I was not married,
30 years ago my partner, to whom I was not married, transferred half of a second home to me in a joint tenancy. He rented the property out for enough of the year that he declared it rental property. W… read more
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I sold a lot that given to me and my wife .we put the money
I sold a lot that given to me and my wife .we put the money in a 1031 and bought rent housing if I sell the what would be my taxs… read more
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I need to understand and know if it is better for me to sell
I need to understand and know if it is better for me to sell my house now or later depending on the depreciation recapture. I bought my home brand new in July 2004 for $163,900. I lived in the home un… read more
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I am selling a house and want to know what the requirements are for reinvesting proceeds without incurring a tax on the profits.… read more
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1031 exchange questionI purchased land in January of 2013
1031 exchange question I purchased land in January of 2013 for $325,000, held in an LLC owned 50/50 by my brother and myself. Had $127,000 of miscellaneous fees. Received unsolicited offer for $1,400,… read more
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I purchased a mobile home but I do not own the land. I rent
I purchased a mobile home but I do not own the land. I rent from Lake Village Estates Mobile Home Park in Clearlake Oaks, CA, Lake County, California and I pay rent, water and sewer to the owner. I pa… read more
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If I sell a rental real estate property (condo) for a net profit,
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Question 1: I have owned a rental home (in Georgia) for a number of years which has provided me with good income. However, I want to sell the rental home as the neighborhood is "not what it use to be"… read more
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About 1 year ago I purchased a mobile home for my Mother to
About 1 year ago I purchased a mobile home for my Mother to live in in a senior park. I payed $75K for it cash before I could move my Mother into it she passed away so I put it up for sale and had to … read more
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sold realestate for 60,000 ... I bought it from a my dad ...
sold realestate for 60,000 ... I bought it from a my dad 12 years ago for 10.00. I am purchasing a mobile home for 30,000 for dad to live in. how do I report this and what is taxable. The sale is in M… read more
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I bought 7 acres of land in 2002 and then used the land as security to buy a single wide mobile home with no money down. I had the mobile home put on a rented lot, hoping to have the money someday to … read more
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