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Results (10,000+)
Bill Bouillon Tax Deductions for Non-Professional
1 March 2024 | 7 replies
I'm curious what experiences people have had taking tax deductions as a non-professional REI.
Kay Nemen Rental property with tenants in place - how to go about adjusting the rents?
2 March 2024 | 8 replies
(UNLESS OWNER OCCUPIED OR CAPITAL IMPROVEMENTS)If the land lord supplies heat, rent increase shall not exceed 4% otherwise don't exceed 3%.tenants 65 or older 2%new tenants increase can not exceed 5% over the last tenant's registered rentyou must provide a new tenant the previous rent amount in writing.you must apply to the city for each increase with 60 days notice, depending on the US department of housing and urban development for a unit of similar size.fines will be levied on a daily basis if in violation. 
Elizabeth Taras 300k and first time investor (New Jersey)
3 March 2024 | 12 replies
You just spent them, and purchase of real estate isn't a deduction by itself.Also, I don't believe you can do a 1031 exchange from the sale of a business, so you can't defer the tax in that manner.In terms of how to invest next.. 
AnnMarie Bacchus Are CPA’s necessary before starting out? If not, at what point is a CPA necessary?
4 March 2024 | 59 replies
One question you should ask your CPA or a question I would ask is if the interest on the HELOC being deductible if used towards the purchase of rental real estate.
Peter Matus Is this correct?
2 March 2024 | 8 replies
Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.
Chris C. Tax Question-Real Estate Education
1 March 2024 | 2 replies
There are two different topics / questions1) Can I deduct real estate education if I am involved in a real estate rental trade or business.2) If you can deduct it, is there a passive limitation involved.
Matt Eade Sibling Partnership and Seperate Property
1 March 2024 | 4 replies
Holding your single family in an LLC can indeed be ideal for tax purposes since businesses often qualify for more deductions than individuals.
Steve Smith Transfering assets to kids
1 March 2024 | 28 replies
Pay for their College and deduct?????? 
Chad McGibbon Advice on maximizing equity in investment properties
1 March 2024 | 5 replies
(you didn't indicate if this is free cash flow or expenses still deducted).  1.
Jason Liszkiewicz Metro Public Adjustment, Inc
1 March 2024 | 4 replies
My insurance company calculated the 35% into the claim and I had plenty to pay my deductible, Metro and the roofer.