All Forum Posts by: Tanya Maslach
Tanya Maslach has started 38 posts and replied 129 times.
Post: Capital gains on a sale with no profit?
- Posts 130
- Votes 95
@Aaron Zimmerman Thank you for this guidance. It IS a rental property -- and we are not familiar with the depreciation tax at all. Are you a RE CPA?
Post: Capital gains on a sale with no profit?
- Posts 130
- Votes 95
Quote from @Dave Foster:
Hi @Tanya Maslach, Thanks for reaching out privately as well. Given the fact that you haven't owned the property very long, you're not going to have to worry about depreciation. You will be taxed as short-term capital gains, which is your regular tax bracket plus whatever your state wants.
Like @Ryan Spath said, there's no statutory holding period to do a 1031 exchange, but longer is always better. It is not that your chance of an audit is increased. 1031s are not an audit trigger. But if you're audited, a 1031 is always looked at, and you want to have a reason to demonstrate your intent to hold the property and why that intent changed.
Your tax could be as little a $ 2- 3 K. Or as much as $ 4- 5 K. If you have a target and want to reinvest, that might be worth a 1031 (costing $950). But it's also not going to kill you to take the money, pay the tax, and keep it free for any other use. Remember - no one ever went broke paying tax on profit - It just feels like it.
You are my fav Mr Foster. ;-) Just sayin'. Thank you.
Post: Capital gains on a sale with no profit?
- Posts 130
- Votes 95
Thank you Ryan. Great info. We do have a trusted QI so we'll hit him with a call to check with him on that. Appreciate it!
Post: Capital gains on a sale with no profit?
- Posts 130
- Votes 95
Hi everyone,
We are considering a sale of a home we've owned less than 1 year.
Our question is about gains tax on a SFH that sells at or around (within $10K after sales commissions/closing) purchase price.
Does anyone know:
a. How capital gains tax in 2025 applies to a sale like this?
We were considering a 1031 but may not do that if a sale results in a same-same $ gain as the purchase.
Thank you.
T
Post: Tenant eviction assistance and legal
- Posts 130
- Votes 95
Quote from @Henry T.:
You need an experienced eviction attorney. watch how he does it. Hopefully he'll know the specific laws and traps, some attorney's are pretty clueless. If you try it yourself and mess up one little thing you'll have to start all over losing months of time.
Thank you Henry. Yes we have hired an attorney to make this happen.
Post: Local credit unions in and around Columbus OH
- Posts 130
- Votes 95
Quote from @Marc Rice:
Quote from @Tanya Maslach:
Hi all,
Any recommendations from real estate investors / landlors on their favorite local credit unions, and points of contact at them, in Columbus OH? We are researching lenders that are local.
Tanya
I can share my go-to contacts for Columbus and the surrounding markets. Happy to help
Okay please do
Post: Local credit unions in and around Columbus OH
- Posts 130
- Votes 95
Quote from @Erik Estrada:
Quote from @Tanya Maslach:
Hi all,
Any recommendations from real estate investors / landlors on their favorite local credit unions, and points of contact at them, in Columbus OH? We are researching lenders that are local.
Tanya
Are you looking for a conventional loan or a DSCR based loan?
Both.
Post: Local credit unions in and around Columbus OH
- Posts 130
- Votes 95
Quote from @Min Zhang:
Hey Tanya, I can send you some local lender referrals and other resources! Let me know if you need anything else
Yes thank you - please do send me some favorites. I appreciate it.
Post: Local credit unions in and around Columbus OH
- Posts 130
- Votes 95
Thank you for both @Michael K Gallagher.
I'm not sure what you mean by "pathways" though.
Hello ~
We are looking to buy SFH to be used as a rental in Ohio -- and would like to partner with a real estate attorney that specializes in:
a. Buy Transactions for SFH: Contract reviews and negotiations
b. 1031's (we have a QI already)
Thank you for your interest.
Tanya