All Forum Posts by: Yi Chu

Thank you all for the reply. Very helpful! Can I use the suspended passive losses to offset the passive income in future years?

I am using TurboTax and have reported a net rental real estate loss of $8,689 on my K-1 form. However, I noticed that this loss did not reduce my tax liability. Is this expected? If not, can I kindly ask if someone could help me address this issue in TurboTax?

Thank you, Sean. What if I use self-direct traditional IRA, instead?

If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return? Will I lose depreciation deductions if I use Roth IRA fund?

If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return? Will I lose depreciation deductions if I use Roth IRA fund?

If I use my HELOC fund to buy a property, which of the following two options should I go with from tax or business accounting perspective?

1) make the payment directly from my HELOC account

2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.

If I use my HELOC fund to buy a property, which of the following two options should I go with from tax or business accounting perspective?

1) make the payment directly from my HELOC account

2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.

Can I use our LLC's address and name in the lease for the rental property for which the deed and mortgage are under my personal name? Both LLC and rental property are in North Carolina.

When we set up auto pay for business credit card, should we use 1) personal bank account or 2) business checking account to make a payment from accounting or tax perspective? Which one is preferred or it doesn't matter?

Which investment companies do you recommend to set up an Roth IRA account for real estate investing purpose? The money in Roth IRA account will be used for real estate investing.