Refis are loans, not taxable.

There may be local tax incentives for renovating your property as well as advantageous approaches to declaring your expenses.In SummaryIncome produced meets financial goals Suitable propertyAppealing locationVacancy ratesNeighborhood rental ratesNow you need to know the cash flowFirst, calculate taxable income or loss from the property.

Obviously, the best properties are going to be ones that generate positive cash flow from day one, that cost you no money down, were grossly undervalued in the market, and which you found while nobody else was looking...But, while you quickly reach limits if you're experiencing negative cash flows in property, it may still be a very good idea to buy a property even if it's got negative cash flow.I may be in the minority here, but...I've got other sources of cash which are positive cash flows and here's only so much you can do to reduce that taxable basis.

Now I wonder: when my LLC realizes a taxable gain, will I get to avoid tax on my portion of the profits?

Good way to contribute % of annual income and, yes, that reduces my taxable basis.

Even if you want a flat tax, you still have to figure out what will count as taxable income (e.g. would charities pay tax on "contributions" that they receive?).

Creates a taxable issue for the guy for the amount he took out of your pocket.

I know, I'll actually contact a qualified CPA and a tax attorney to see how it applies to my particular situation, but I'm also just curious about this in general.Disclaimer: I'm not a lawyer, nor a CPA.My understanding is like this:Yes, the taxable loss can offset earned income, if you can be considered "active" in your investment.

And since it is a short term lease, this is also not taxable.

it is taxable.