Recent Posts
More Growth At The Edges Of Silicon Valley
Los Altos House Prices Grow, Condo Prices SagLos Altos and other nearby cities, including Palo Alto, Mountain View, and, to a lesser degree, Sunnyvale, have shown rising house prices since 2020 while condo prices have sagged. Lets explore Los Altos real estate in relation to other Silicon Valley cities.Saratoga House Prices And Condo Prices GrowAlthough Saratoga condo prices did not match the growth rate of Saratoga house prices, they continued to grow after 2020.Milpitas House Prices And Condo Prices GrowBoth Milpitas house prices and condo prices continued to grow after 2020.Newark House Prices And Condo Prices GrowBoth Newark house prices and Newark condo prices have grown after 2020.What Is OccurringSales history shows condo prices declining slightly after 2020 for cities in the heart of Silicon Valley. The sales history also shows that condo prices have increased after 2020 for cities at the edges of Silicon Valley. People who have owned…
Short Term Rental Taxes: Airbnb, Vacation, etc.
You do not have to be a real estate professional to move short-term rental income out of the passive income category. This allows many families to deduct their short-term rental losses from other income, reducing their taxes. These tax savings and the higher per-day rent received for short-term rentals make these rentals an attractive investment/business opportunity. Learn more at "Airbnb & Short Term Rental Properties" on julianalee.com.
1031 Exchange, Cash Boot Is Taxed
If your replacement property has a lower purchase price than the sales price of the property you sold, the difference will be refunded to you by your 1031 exchange intermediary at the end of the 180 day period defined for purchasing your replacement property. Since you will be receiving the cash, the IRS will not defer the taxes owed on this portion of your sale. Typically it will be taxed as a capital gain. This cash received is referred to as a cash boot. View more 1031 exchange rules.