Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Charles Mangum Should I try to minimize losses if I phase out for most of them anyway?
21 May 2011 | 8 replies
the reason I believe I would want to is because showing less of a loss for the property on my taxes might help my debt to income ratio when trying to get future loans.You want to take all of the deductions you are legitimately entitled to even if it doesn't help you in the current year.
Kalyn Ringwold Have you ever used DOHARDMONEY.COM?
23 June 2012 | 2 replies
I checked out the business and it seemed legit. Im
Brian Wall Why do I have to view a property before agent will submit my offer?
7 October 2015 | 40 replies
If you are making legitimate offers and have every intention of honoring them barring extenuating circumstances I see no reason why what you are doing is perfectly reasonable and valid.
Steve Maye Selling a rental unit. Can I claim a loss?
13 December 2013 | 20 replies
Steve, forums can be lousy venues for talking about detailed tax issues.
Drew Whitson Owning a vehicle in my LLC: Tax Questions!
9 May 2014 | 8 replies
If there is legitimate business use then your daily updated log will hold up.
Jay Hinrichs dohardmoney.com
14 October 2015 | 5 replies
Good day to all, just as a response to the question is DHM a legitimate company.
Tim Porsche What Would Ben Carson's 15% Flat Tax Mean for Landlords?
17 November 2015 | 20 replies
When talking about no deductions I think that refers to the typical homeowner that gets to deduct mortgage interest, not a business that deducts expenses associated with doing business before paying taxes on net income.I don't know the specific details of Carson's tax plan (or any of the others for that matter) but it seems very unlikely that any plan could eliminate deduction of legitimate business expenses before paying tax on net income.
Vitaliy Merkulov Landlord reference is nice to have or a deal breaker?
21 January 2016 | 23 replies
If it is legitimate, they will say no.
Nicholas P. Two Questions (Mileage Related)
15 March 2016 | 7 replies
If you put this method into action, but never actually buy anything, the IRS will likely question this at some point.But if you're continually in a purchase mode, I see this as a fairly legitimate method.