Petra M.
HUGE? Now deduct unlimited real estate losses
29 March 2020 | 1 reply
“Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.
Chris Levarek
Covid19 - The Spark that started the Convenience Revolution?
31 March 2020 | 7 replies
Originally posted by @Rich Hupper:Covid 19 is a bad case of the flu blown out of proportion by social media, the dinosaur media, and the fact that our society as a whole is hypersensitive to everything.Agreed.
Joe Carter
My unfortunate situation
2 April 2020 | 88 replies
It's not as simple as buy airline stocks and get rich.
Sarkis Boyadzhyan
Can anyone explain the concept of BRRRR?
29 March 2020 | 2 replies
Why is it more attractive than the traditional method?
Calvin Wellman
How can I best prepare for when I'm older in real estate.
29 March 2020 | 7 replies
A wise investor will not try to get rich quick with shortcuts.
Jaleh Afrooze
CARES Act- Real Estate Depreciation Loss Carryback
12 April 2020 | 5 replies
Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
10 April 2020 | 7 replies
With the markets volatile and trading at compressed valuations, clients can consider taking discounts on their traditional IRA account(s) by executing a conversion to a Roth IRA.
Scott Passman
Why are landlords being so singled out?!?
31 March 2020 | 19 replies
And the tenants and general population are also poor and paycheck to paycheck, so if you own multiple properties you are clearly rich.
Johnoson Crutchfield
How Real Estate Has Changed My Life? How about you?
30 March 2020 | 3 replies
Rental properties are typically (in my opinion) the fast way to get rich.
Ford Wagner
Share your favorite real estate books!
6 May 2020 | 3 replies
Hi Ford,1) Rich Dad Poor Dad2) Anything by Dave Lindahl3) Anything by Donald TrumpGood Luck!