
16 July 2024 | 3 replies
My capital gain, after recapturing depreciation, is approximately $300K.

16 July 2024 | 0 replies
Thanks to a special IRS tax loophole, homeowners can exclude $250,000 to $500,000 of capital gains from the sale of a primary residence, so long as they have lived in the property for two out of the prior five years."

18 July 2024 | 40 replies
One you have easy access and can visit often. 100% remote is a unicorn, REI is not passive, no matter what someone on the internet will tell you.
16 July 2024 | 6 replies
Property managers for STRs are typically 25% of your income, you can set it up to be fairly passive if you find a good cleaner and set up your systems.

15 July 2024 | 10 replies
For example, if you had a full time job (2000 hours per year), you'd have to justify that you did 2001 hours doing real estate related activities.See the IRS' page regarding activities: https://www.irs.gov/publications/p925#en_US_2022_publink1000...The other question is why are you have so much passive losses to bring onto your main 1040?
16 July 2024 | 2 replies
(If you can't get in the door on your own merit... maybe you shouldn’t be doing this.)Encouraging students to utilize his private Facebook group members to post fraudulent reviews for other students websites in order to boost their search results and by doing so intentionally misleading sellers as to the students knowledge, skills and ability to closeInstructing investors to deliberately target and befriend nursing and assisted living home staff in order to gain their complicity in preying upon patients and residents. ....

18 July 2024 | 0 replies
Though impossible to measure, and a fraught investment metric there is a certain emotional capital gained by creating something beautiful that you love and can enjoy.

13 July 2024 | 10 replies
I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule PN Line 11 Column B.My confusion is for federal tax, I know passive loss should be filed with 8582 and put 0 in 1040.

17 July 2024 | 11 replies
I haven't even gained anything with them yet but, i have a close friend that started with them 2 years ago and, is still with them now getting new rounds of funding and compiling cards into one account.

16 July 2024 | 14 replies
If you declare a property as 1031 eligible you can defer capital gains on the sale.