real estate tax accountant nj

Also since your LLC will become the owner of the condo I dont think you can make it your primary residence. Any financial projections or projected returns are projections only and iintoo makes no representations or warranties as to the accuracy of such information and accepts no liability therefor whatsoever.

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Hey Karen were not as familiar with the tax details as we are LLC formation details so this question would need to be ask to an accountant andor a real estate attorney.

. Most estates are below the estate tax filing threshold which is currently 112 million per individual under the 2017 Tax Cuts and Jobs Act Under the new tax law the gift estate and generation skipping tax exemptions doubled in 2018 and will continue at the higher level adjusted for inflation until January 1 2026 when the amount will sunset back to the exemption. Therefore Im not sure about the 250k capital. Im not sure if the tax basis carries over or not.

She has nearly a decade of public accounting experience and has worked with clients in a wide range of industries including oil and gas manufacturing real estate wholesale and retail finance and ecommerce. During her time in industry she. Investors should always conduct their own due diligence not rely on the.

Any real estate investment accessible through the Platform involves substantial risks. Sarah has extensive experience offering strategic tax planning at the state and federal level.

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