If you’ve owned it less than a year you owe regular income tax on it plus any depreciation recapture.

Going to be listing a new property soon by Lake Winnisquam in NH and Im looking for some recommendations /referrals for photographers & cleaners that specialize in ABnb / vacation rental property listings.Ideally they would have a lot of experience with short term rentals for both since they are much different than residential house cleanings and regular real estate photography for MLS listing.Anything helps!

As interest (taxable as regular income), capital gains (usually taxed at 15%), and basically return of principle (pry called something else but payment against her cost basis.) that’s tax free.

They kept doing assessments for thousands of dollars, and would regularly increase the HOA dues.

Sharing the listing will make it easier for everyone to help you.By reading many many posts identical to this though, I can tell you it is almost ALWAYS the dang price.Also, depending on the market, a furnished LTR can often be more difficult to place a tenant in.

What about a 2nd position home equity loan, like a regular cashout refi but you can leave the 1st position alone!

Two from regular people and 63 from real estate agents . 

Even the best of professionals guess wrong on a regular basis.  

Purchase price: $185,000 Cash invested: $220,000 This deal was brought to us by a wholesaler that we work with regularly.

I see the IRS regs about rental activities being defined as passive, but I don't see anything about a lower rate.I just see that this "passive activity" distinction subjects us to "passive activity loss rules", which limit our ability to offset other types of income with net passive losses.But even that limitation is negated for us because we fall into the "active participation" exception, so we can offset our regular earned taxable income dollar-for-dollar with losses from our rental (if I understand the regs correctly).