Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
There are many tax accountants on Bigger Pockets that can help you with your situation.
Bruce D. Kowal
🌟 1031 Exchange QI Selection: Relationship & Reputation Deep Dive (Part 3/3
16 January 2025 | 0 replies
By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)
Nicole Graziano
Tax's: negative income made on flips
3 January 2025 | 4 replies
@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
Adding the ex to the title could trigger gift tax implications, so keeping it simple is best.
Dominic Mazzarella
Turning Challenges Into Opportunities: How I Saved My Multi-Use Property Sale
19 January 2025 | 9 replies
I have had my butt saved many times by attorneys and I am grateful for that.
Dennis Gudenau
Solo 401k Unsecured Loan Tax Advise
22 January 2025 | 2 replies
if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.
Raven Ye Mahar
Nashville STR Required Business Licenses and Taxes
17 January 2025 | 4 replies
Taxes and requirements should be much lower for a LTR
Ryan Broschard
Property Tax Increase - Fort Mill, SC (Lancaster County)
22 January 2025 | 0 replies
The first year my property taxes were $1,619.
Henry Clark
LA Fires Taxes and Insurance
14 January 2025 | 1 reply
Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.