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22 June 2024 | 20 replies
It should be noted that qualifying as a real estate professional doesn't guarantee rental real estate income will offset other net taxable income.It just allows a taxpayer to apply the material participation rules to rental real estate for a non-passive/passive determination.Consult your tax CPA/EA.
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21 June 2024 | 3 replies
All FHA / VA loans are assumable but the seller may not want to participate due to it be a longer process and may not be ideal if there is a huge gap in price since you can only assume how much they owe at the lower rate .
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21 June 2024 | 10 replies
In which case, splitting out the rental portion of the activity from the operating portion would help reduce the exposure to self employment tax3) One is a qualified real estate professional for tax purposes...but wouldn't be a material participant in the hotel activity.
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20 June 2024 | 7 replies
I am particularly interested in learning from experienced professionals, participating in local events, and contributing to community projects.I am very much looking forward to meeting and working with you and other members of the community.
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21 June 2024 | 21 replies
.- Real Estate Syndication: Participate in syndication deals where multiple investors fund larger projects, such as apartment complexes or commercial properties.4.
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20 June 2024 | 3 replies
I believe a profit-sharing plan has a trustee and the trustee transacts business on behalf of the plan and by extension on behalf of the plan participants.
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23 June 2024 | 29 replies
As a dedicated BiggerPockets member and an active participant in various real estate ventures, I was merely seeking to gather the necessary information to explore a potential new business opportunity.
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22 June 2024 | 129 replies
So I just am not a participant at all any more (personally, not investment-wise), and through my agent I know there's a lot of people where I am on this track.
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19 June 2024 | 14 replies
Because of material participation I can deduct that $350k vs other income.Using combined federal and state tax rate of 40% x $350k = $140k in immediate tax savings.
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20 June 2024 | 69 replies
That, in addition to experienced investor advising others to treat certain tenants like animals has just made me not so motivated to participate like I used to.