
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.

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.

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.

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.

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).

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.

14 January 2025 | 329 replies
Can we as landlords stick together and deduct all the non pay rents from our property tax?

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.

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.

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?