Is Form 8824 Required Every Year?
A 1031 exchange is a complex process. There are many rules to follow so that the exchange isn’t invalidated. Additionally, specific forms, such as form 8824, must be filed. The frequency and timing of filing for this form can vary depending on the taxpayer’s specific situation. In this article, we’ll look at form 8824 in more detail and discuss its filing requirements.
What Happens When a Joint Tenant Dies?
Sorting out real property ownership interests following the death of an owner can be a complicated, messy, and prolonged legal process.
How to Get a Wholesale Property Under Contract?
Novice and even experienced real estate investors know that completing real estate transactions is often a complicated process – and that’s not even taking into account the capital that’s required to acquire or secure financing for commercial and residential investment properties.
What is Tenancy by Entirety?
Married couples have a plethora of important financial decisions to make, and one of the biggest comes when they purchase a home together.
Should I Change My Investment Strategy When Inflation Increases?
Stock market investing is often described as long-term, not to be disrupted in reaction to short-term economic influences. A traditional investing strategy supports crafting a mix of stocks and bonds (or similar fixed-income investments) designed with consideration to your risk appetite and then left alone. combining potential for growth with stability, you may want to develop a 60/40 portfolio. That means you have sixty percent of your stock holdings and the balance in fixed-income instruments like bonds. The foundational hypothesis for the 60/40 portfolio is that the stocks will appreciate while the bonds reduce volatility to help manage short-term losses.
Do Opportunity Zones End in 2026?
The 2017 Tax Cuts and Jobs Act (TCJA) created a tax investment incentive program targeting economically distressed areas. Each state and all eligible US territories nominated these areas as Qualified Opportunity Zones, and the Treasury Department selected the final list of over 8,700 census tracts. The QOZ program offers tax benefits for taxpayers who reinvest capital gains into business opportunities in the designated areas.
Can a Joint Tenant Sell or Transfer Their Interest?
If you are buying real estate with one or more other people, you may structure the ownership as either Tenants-In-Common (TIC) or as a joint tenancy. Small groups purchasing real estate frequently employ these ownership structures, and the arrangements are often confused with each other due to the similarity in names. Therefore, let's quickly review the similarities and differences between these two ownership models.
5 Ways To Manage Capital Gains Tax
Is it possible to truly avoid capital gains tax? If, by avoid, you mean defer and reduce, then the answer is a definite yes. If structured correctly, some capital gains can completely avoid taxes. At some point, the IRS will come looking for their share. When the time comes, there are a few ways to hand over less and, in some cases, none at all. Here are five of them.
How Early Can You Lock in a Mortgage Rate?
The interest rate on your mortgage can make a significant difference in the monthly payment—just look at how quickly housing market activity and prices dropped when rates started rising last year. Buyers at the beginning of 2022 enjoyed rates as low as 3 percent, but by November, the average 30-year fixed rate had spiked to over 7 percent. Rates for high-quality borrowers have eased a bit in the last few months but are still hovering over 6 percent. It’s anyone’s guess where they will head next, which means many nervous homebuyers are hoping to lock in a rate when they find the house they want to buy. Locking the rate means that the borrower is eligible for the specified interest rate even if rates go up as long as they close the loan within the lock period.
Can You Do An Installment Sale to a Related Party?
Installment sales have many advantages for real estate investors. They have tax deferment, flexibility for the buyer, a stream of payments to the seller, and lower taxable gains. But what if you want to arrange an installment sale to a family member? Or a business that you own a majority stake in?
