Anthony Rondinelli
Rental properties affecting DTI
24 February 2025 | 27 replies
(25%DTI) And not $7000 debt/$16,000 income?
Brady Ascheman
Real Estate Professional Status and SE tax
25 February 2025 | 6 replies
She then stated that when it becomes active income it is subject to the 15.3% self-employment tax.
Gokhan Tektas
Prior Year Passive Losses & REP Status
23 February 2025 | 4 replies
Passive losses can only be deducted from passive income.
Jesus Gonzalez
First home Loan amount
26 February 2025 | 3 replies
Thats fine as long as your Debt to Income (DTI) supports it.
Sung Yu
1031 fourplex into a single family
23 January 2025 | 5 replies
This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.
Lauren Merendino
Pre retirement Strategy
1 February 2025 | 30 replies
If you are close to retirement and are accredited, it's safe to assume that you'll likely have some decent, taxable income rolling in during retirement.
Gregory L.
Rent to preserve 2.5% mortgage
23 February 2025 | 5 replies
Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.
David Brooks
Question on the "STR Loophole" vis-a-vis California tax
25 February 2025 | 4 replies
Quote from @David Brooks: I've received advise that our friendly STR loophole can not be used to characterize STR income/loss as non-passive on a California tax return.
Alev G.
Investor in multifamily in Carson City
25 February 2025 | 6 replies
In terms of incomes I use the 30% rule.
Gideon Mukoro
Problems with Fraudulent Bank Statements/Paystubs
20 February 2025 | 3 replies
What are the biggest challenges in verifying income?