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Results (10,000+)
Tinia James Made no profit this year should I still file taxes?
20 December 2024 | 9 replies
If you didn't receive any income but you had legitimate business expenses, you should still file a Schedule C to deduct those expenses. 
Angelo Llamas Tax breaks for a rental breaking even
19 December 2024 | 12 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Francisco Milan What has been your best category to invest in before the end of the year to lower....
18 December 2024 | 7 replies
So invest in some kind of real estate like apartments that need heavy lift and get the bonus.Otherwise life settlement partnerships can also give you big deduction year 1. 
Chris L. Can I deduct passive losses the year my rental property sold?
13 December 2024 | 6 replies
., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted
Michael Plaks RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
I could likely see many things from the TCJA being made permanent, mostly procedural items like the higher standard deduction and child tax credit (Plus eliminating exemptions).
Brandon VanTuinen First house hack - too expensive?
20 December 2024 | 9 replies
The fact that your property is in a strong area with high-quality renters and growth potential is a major advantage.First, revisit your numbers to include all expenses and potential tax benefits, like depreciation and mortgage interest deductions.
David To California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
Can we as landlords stick together and deduct all the non pay rents from our property tax?
Shaheen Ahmed Positive Cash flow
18 December 2024 | 5 replies
Oh look, you get to deduct your cell phone, your internet, your tax prep, all kinds of other things regular people don’t. 
Eric Chappell Has anyone use Rental Hero for bookkeeping?
16 December 2024 | 35 replies
This is an old thread and I don't have an opinion on Rent Hero (except that maybe this business name feels a little dated and pigeon holes them)For tracking receipts Real Estate Investors often think they need physical receipts for every single tax deduction.
Ana Carini Payment Processing Options for Cohosts
18 December 2024 | 9 replies
Would this, however, place an administrative burden on the property owner, who would need to handle taxes, deductions, and payments to the cohost?