Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
3 May 2024 | 30 replies
The loss, if any, is not inherently passive vs inherently passive rental income loss and will offset your other income if you materially participate in the activity.
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
5 May 2024 | 3 replies
Here’s what you should know on Schedule E:Depreciation (Line 18) – can be added BACKCasualty Loss/Amortization/One-Time Expenses/HOA Dues (line 19) – can be added BACKInsurance (line 9) – Added BackMortgage Interest (Line 12) – Added BackTaxes (Line 16) – Added BackAnd this is why owning property is such a great method of building wealth.
Jan Gates
Buying the note before foreclosure?
6 May 2024 | 8 replies
Are they experienced in the loss mitigation requirements?
Taylor I.
Considering Subto Offer - What do I need to know?
6 May 2024 | 9 replies
I could sell the property on the market but I think after fees and taxes, I would be at a loss.
Leah Thibeault
Huge Tax Benefits!!
4 May 2024 | 3 replies
The “loophole” allows a non real estate pro to obtain nonpassive losses, done correctly.
Aspen Jay
Help Needed: is this a good investment in today's market?
4 May 2024 | 2 replies
So a $254 loss.
Joe S.
Better to lose your earnest money, than buy a bad deal
4 May 2024 | 2 replies
The worst loss I've taken in real estate/NPL investing.
Aaron Kaminer
Sitting On Too Many Renovated Houses
3 May 2024 | 17 replies
I just need to significantly reduce the net loss each month.
Jerry Daily
1031 on an LLC and transferring to own name
3 May 2024 | 3 replies
This next house will have a large mortgage and will definitely show as a loss on paper.
Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
3 May 2024 | 33 replies
If you are operating at a loss there are no "gains" to pay taxes on.