I moved from my primary residence becuase of job relocation 4 years ago and have rented that home ever since and am selling it now – since I moved for the job, do I still qualify for the reduced exclusion even though I moved 4 years ago?
Tag Archives: RENTAL
Rental Property Sale Tax?
Posted in Homes For Sale
Tagged becuase, exclusion, Home, job, Property, property sale, Relocation, RENTAL, rental property, RESIDENCE, sale, tax
Can you really buy real estate with no money down or other people’s money?
Figuring out if a bank will finance me to buy a second home for investment purposes. I know of a rental for sale. I don’t have a lot of liquid assets and not a lot of equity in my current home.
Posted in Homes For Sale
Tagged bank, equity, Estate, Home, investment, investment purposes, liquid assets, lot, money, Real Estate, RENTAL, sale
I have an occupied rental for sale. How do I show without losing tenants?
The Real Estate Mkt. in Toledo is soft. It took me twice as long as usual to rent my gorgeous house with everything. I tried everything. Being honest didn’t seem to get me anywhere. I offered to pay the tenants for showing the house when I sell a $1000.00 plus all moving expenses buy out their lease all to know avail. My neighbor suggested I don’t tell them & the only alternative I can come up with is to show when their at work on a maintience request. Ha They want to be home & they have big viscious dog Any suggestions
Posted in Homes For Sale
Tagged avail, Estate, everything, house, lease, mkt, moving expenses, neighbor, Real, Real Estate, RENTAL, sale, Toledo
Seeking for car park for 200 cars (rental or land for sale) at Jalan SSS22 Jalan Templer Petaling Jaya?
Seeking for car park for 200 cars (rental or land for sale) at Jalan SSS22 Jalan Templer Petaling Jaya?
What tax consequences do I face when selling a rental?
I currently have 2 single family homes which I have been renting (and reporting as such to the IRS) for the last 8 years. I understand the gain from the sale is counted as regular income and I hear that I must also add back the depreciation amts. claimed. Are all depreciation $ from past years counted as regular income as well? Is the gain computed from the amt the home was worth at the time it was put into rental service or the amount paid for the home (since I lived in it for 4 years prior to renting out)?
Is there any way to lower the tax burden since it will not be a like kind transaction, although the funds will be used to buy a vacation home which could possibly be rented out in off season?
Posted in Homes For Sale
Tagged 8 years, amt, depreciation, family, Gain, Home, Income, IRS, RENTAL, sale, single family, tax, tax consequences