5 May 2024 | 5 replies
Assuming both properties are/would be LTRs, these would be netted together on Schedule E, which would flow through to Schedule 1 and/or Form 8582.You'd also want to be aware of the potential for depreciation recapture when going to sell the property if you're not using a tax-deferred exchange.
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2 May 2024 | 1 reply
What is the best way to do this? It appears the site that comes up first on search results charges $395. Are there more affordable options that are also good?
Thanks!
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6 May 2024 | 65 replies
Biggest deduction, by far, for us unless you take the aggregate of schedule E expense write offs.
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3 May 2024 | 30 replies
Is the Airbnb considered "Active" so that it is reported on Schedule C instead of on Schedule E as a passive activity?
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3 May 2024 | 17 replies
In order to list as a Rent To Own I first need to refi a long term mortgage right?
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2 May 2024 | 0 replies
Purchase price: $63,000 Cash invested: $70,000 Sale price: $215,000 Project Overview:A E Talley Construction LLC is embarking on a single-family flip project in a traditional row house located in Philadelphia. https://youtu.be/BXD5TU2VCsA?
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3 May 2024 | 33 replies
@Barry Pekin does the title company have to be in the sa e town or city ad the property ?
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2 May 2024 | 5 replies
Lenders will use your tax returns schedule E to calculate your monthly rental income.
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1 May 2024 | 4 replies
Such short term rental will follow these criteria(see numbered list below), in order to take advantage of (1) qualifying to fill out schedule E, thus avoiding the Self-Employment tax should there be any profits. and (2) being able to offset your W2 income should there be a paper loss.