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I bought a house in 2017 and plan on flipping it in 2018. Do
I bought a house in 2017 and plan on flipping it in 2018. Do I put the purchase on my 2017 tax return, along with the real estate taxes paid, mortgage interest paid and repairs I made to the house? Or… read more
taxmanrog
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1031 Exchanges - A taxpayer (non-married Partnership) is
1031 Exchanges -A taxpayer (non-married Partnership) is purchasing residential real estate. They will most likely do some upgrades and then sell the property. Never renting or living in it. Will they … read more
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Federal real estate tax question: I have rental properties that I am actively remodeling to sell or possibly rent out. Is this considered a passive or nonpassive activity? I am not a real estate profe… read more
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Does or how can a limited partnership qualify the 1031 safe
Does or how can a limited partnership qualify the 1031 safe harbor for vacation home as replacement property?… read more
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Delaware Statutory Trust: 1031 Exchange Robin, I need your
Delaware Statutory Trust: 1031 ExchangeHi Robin,Good morning,I need your help with this, I have a client that wants to do a "Delaware Statutory Trust: 1031 Exchange". How does it work? How soon do the… read more
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WE HAVE JUST SOLD OUR LAST RENTAL HOME. HAD IT + YEARS.
WE HAVE JUST SOLD OUR LAST RENTAL HOME. HAD IT FOR 35 + YEARS. BOUGHT IT FOR ABOUT 60K, POSSIBLE SALE FOR 330K. LOTS OF CAPITAL GAIN. CAN WE DELAY PAYMENT OF THIS GAIN BY BUYING ANOTHER INVESTMENT PRO… read more
Robin D.
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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
Lev
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If I develop a property, to sell the apartments I build, what
If I develop a property, to sell the apartments I build, what will be the equivalent to a 1031 exchange, oor are there other tax incentives to do that, and if not why would anyone rather build to sell… read more
BK-CPA
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I have a question about whether or not an investment property
I have a question about whether or not an investment property that is primary held for selling to customers qualifies for IRS section 1031? Assuming the rest of Section 1031 requirements are meet (the… read more
Megan C
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How do you avoid being considered a Real State Dealer by the
How do you avoid being considered a Real State Dealer by the I.R.S.? Do you need a certain type of entity to do quick flips of residential properties?… read more
Lane
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My husband and I gifted over 2 years our home to my 2 sons.
My husband and I gifted over 2 years our home to my 2 sons. The promissory note will be retired this year. It took two yrs. The boys want to sell the house and buy one for us in California. The house … read more
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I am wondering about something my sister asked.... If you sell
I am wondering about something my sister asked.... If you sell a residential property and buy a commercial, can you still skip the capital gains tax, if you buy again within 3 months? I have no idea..… read more
Tax.appeal.168
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I own a business that flips houses. I have a potential investor
I own a business that flips houses. I have a potential investor who wants to use the profits of flipping homes as an offset to capital losses he has incurred elsewhere. The investor will NOT be active… read more
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My in-laws want to sell one of their investment properties
My in-laws want to sell one of their investment properties and do a 1031 exchange on a property they would invest in WITH us. We love the idea, but are ready to buy now and they won't be able to list … read more
Lev
Lev
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I purchased an investment home to flip in August of this ...
I purchased an investment home to flip in August of this year. I have repaired it and I am tring to decide on how to profit on it. It has appraised for $70,000.00 more than I have in it. I own the hom… read more
The Guy Behind the Tree
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can I protect capital gains from stock trades in a corporation
capital gains are taxed as income. Is there a way to make an investment corporation and spend the capital gains for business purposes and not get taxed on them?… read more
Lev
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if i buy a property can i flip it in months and avoid
If I buy a property can I flip it in 6 months and avoid paying capital gains with a 1031 exchange? Thanks Carolynn Optional Information: Jersey City, New Jersey… read more
Jon Andrews
Jon Andrews
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four investors put funds into an llc purchased a house for
Four investors put funds into an LLC, purchased a house for cash(with intent to resell), renovated it, sold it at a gain. Can one or more of the investors leave their share of the gain in the LLC to r… read more
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