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Results (7,480+)
Gaurav A. LP In Syndication | losses from Syndication & W2 income
17 April 2024 | 17 replies
Although the legislative history is different, it's helpful in this situation to examine that case law body.I believe the courts today would agree with and implement a functional equivalence test that examines state law, the operating/partnership agreement, and defacto treatment and actions of the member/partner. 
James Sudarsono Can only one member of a multiple member LLC change to an S-corp?
16 April 2024 | 2 replies
Partnerships and corporations cannot be shareholders.To elect for S-Corp treatment, file Form 2553.
Kelly G. Tax Q: do I need to calculate/pay recapture depreciation?
16 April 2024 | 7 replies
Because it was a rental BEFORE it wa your primary you don’t get 100% tax free treatment.
Selina Giarla Where Are The Deals!?
18 April 2024 | 87 replies
Landlord friendly seems to be yours, so red states should be the focus. 
Nathan H. Complicated Capital Loss/Gain Question for all of the tax wizzes on here
15 April 2024 | 7 replies
Here's how the treatment of capital losses typically works:Netting Capital Gains and Losses in a Tax Year: In a given tax year, you first net your capital gains and losses.
Joe S. Who is investing in their own physical health?
18 April 2024 | 141 replies
Sometimes having consecutive days of hard workouts has caused me injuries in the past, so if I have a hard workout today and tomorrow I'm feeling sore I would switch it to a light 20-minute walk.
Gerald Thompson Tax Question for Home and Sewer Inspection for Rental Property
12 April 2024 | 1 reply
In general, expenses related to the purchase or improvement of a rental property can be deductible, but the treatment of these expenses may vary depending on the nature of the expense and applicable tax laws. 
Jordan Geiman Gap Lending
12 April 2024 | 22 replies
I say, that is a great deal for a second.Now, in this real example, the purchase price of $415k and rehab of $16k (that seems terribly low, so red flag for me on this portion), places this at an all-in deal (acquisition plus rehab) of 75%.
Kristi Kandel Affordable Housing - Columbus, OH - Human Trafficking Survivors
12 April 2024 | 10 replies
Services for survivorsHarriet's Hope is open to any individual — no matter their gender identity or sexual orientation — who has experienced human trafficking or chronic homelessness, meets CMHA's income guidelines for a housing voucher and is ready to make a commitment to sobriety, Kendall said.Most residents will be identified through the Salvation Army, but referrals can come from anyone, anywhere, she said.What sets the community apart from others is that the services residents need are embedded within it, Kendall said.Services include substance abuse disorder treatment by Alvis, case management through the Salvation Army, gender-affirming case management through Kaleidoscope Youth Center, a computer lab furnished by Dell, a food pantry, nutritional services, financial literacy classes, peer support, employment readiness programs, legal aid, health screenings, child care and more.Residents will start out with a one-year lease before going month to month, Kendall said.
Adrian Jenkins Short term rental loophole in LA or OC, is it even possible?
8 April 2024 | 1 reply
You don’t necessarily need to be local but there are also misconceptions and rules to follow:https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals