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Results (10,000+)
Michael Potorti Purchasing Rental Properties in Columbus OH
18 April 2024 | 18 replies
The city has seen significant improvement across various areas creating a diverse market with distinct A, B, and C neighborhoods.
Liran Afergan Traveling Nurses Rental
19 April 2024 | 10 replies
Think 50% less pay or more in most circumstances.
Sudhi Avula claiming Bonus depreciation
18 April 2024 | 7 replies
Under the right circumstances, it can work well in 2026. 
Ashley Tarver 1031 like kind exchange requirements
18 April 2024 | 3 replies
It isn't always 100% tax efficient to do this, depending on circumstance)
Som Jafari Not able to write off repairs
17 April 2024 | 8 replies
Account Closed hi Zach do you know under what circumstances you can use losses to offset your W-2 income?
Don Konipol Thoughts on “subject to” deal making
18 April 2024 | 15 replies
Germain Act) prohibits ENFORCEMENT of due on sale under 3 circumstances.  1.
Michael Hardler HH Taxes: 1040 E or 1040 C?
19 April 2024 | 10 replies
The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.
Jonathan Small How to account income from multiple properties on a single 1099
17 April 2024 | 6 replies
However, the method of handling the 1099 income on the tax return may vary depending on the circumstances and interpretation of tax laws.The approach your CPA has taken, where each property is reported separately on Schedule E and then adjusted on a statement for property 3 to match the total 1099 income, could be viewed as a cautious approach to ensure compliance with IRS reporting requirements.
Collin Hays Lawsuit Part II: Negligence versus gross negligence
18 April 2024 | 16 replies
Claims come in all shapes and sizes, and a myriad of circumstances.
William Coet Multifamily Prices so High that Only Cash Makes Sense, But Why Not Put Cash in CDs?
21 April 2024 | 47 replies
When we invest to CD basically we become the lender (to the goverment/to the people).As cash position now can exceed equity investment (in some circumstances), it's just natural that we invest more into debt/cash than equity.