Christopher Malone
GroundFloor Reviews/Feedback
14 August 2018 | 10 replies
Much of this is not out of the ordinary given the circumstances but figured I'd share a data point.I'll continue to update the community on the status of this.
Sheba Shimoji
Pay my own property management company
24 August 2015 | 11 replies
Technically, what you are trying to do converts investment income into ordinary income as it passes from your investment company (or you personally) to your business.
Rich McCormack
Tax implications for selling an investment property for a loss
2 November 2016 | 6 replies
The loss is classified as an ordinary loss and is 100% deductible against my earned income.
Mike Hoefling
Depreciating a Rental Property
11 February 2016 | 18 replies
The depreciation that you took in excess of what was allowed on a 27.5 year schedule will be added to your ordinary income and taxed as ordinary income.
Kimberly Peticolas
New Book!!! Tax Strategies for the Savvy Real Estate Investor
26 November 2018 | 148 replies
I found it pretty simple, though 3/4 the way through the only thing I've found that I didn't know was that when you sell a property at a loss, it CAN be an "ordinary loss" vs.
Avery Goodman
Tax implications of failed 1031
10 April 2018 | 7 replies
If a property is held for one year or less, then sold for a gain, the short-term capital gain will be taxed at ordinary income tax rates.
Nathan Gesner
I charged Tenant for furnace abuse
16 April 2018 | 10 replies
The basic premise, upheld by courts around the nation, is that the tenant is responsible for damages above and beyond ordinary wear-and-tear.
George Leeman
S corps and Distributions taxed as capital gains?
5 June 2018 | 6 replies
@George LeemanI don’t think rental Income would not be long term capital gains but short term or ordinary income.
Stanley Crawford
I didn't know I HAD to take depreciation
12 June 2018 | 11 replies
You could amend your last 3 years if it makes sense....your tax on the depreciation recapture will be your ordinary income tax rate up to a max rate of 25%.
Carl Graff
Passive Loss Carry Over Reduce IRA distributions
14 July 2018 | 15 replies
So one way to to benefit from the carry over is that we can apply 25K per year to ordinary income.