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Results (10,000+)
AJ Howard WHEN & WHY to start LLC?
26 December 2020 | 14 replies
You deductions are the same whether you incorporate or not. 
Michael Plante Anyone have a list of tax deductions for a flip?
24 December 2020 | 3 replies
NOT doing 1031 on this one lAny list of things which can be deducted besides the major ones such as property taxes, materials etc What about mileage back and forth to fix up?  
Babu Ramadoss Why should we do 30 yr when compared to a 15-yr mortgage ?
26 December 2020 | 14 replies
Of course, I always think the first thing when people say “but it’s 100% deductible.”
Franky Davis Do I need a real estate specific accountant?
3 January 2021 | 7 replies
I am inquiring because my wife and I are attempting to utilize the real estate professional status to allow us to deduct passive losses from my physician salary.
Michael Plante Deductions for flips?
24 December 2020 | 1 reply
NOT doing 1031 on this one lAny list of things which can be deducted besides the major ones such as property taxes, materials etc What about mileage back and forth to fix up?
Travis Hatch In need of a good accountant / CPA to help me grow
25 December 2020 | 2 replies
You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.You also want an accountant who understands business taxation and deductions
Michael Salamone Sole Proprietor and Taxes
25 December 2020 | 4 replies
If so, then you can only deduct half your expenses.
Maksym Chernov AirBNB in Big Bear, CA. Where to start?
5 January 2021 | 12 replies
There is a new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.
Sagar Naik Newbie in New Jersey
26 December 2020 | 4 replies
If it’s your first property and you’re not worth more than $1m, you will get significant interest rate advantages for putting an investment property in your personal name and just buying an umbrella policy like $1-2m (mine costs me like $300 and also covers if I have a catastrophic auto accident). 1% interest rate differential on 30 year loan for $500,000 can be tens of thousands of dollars. (5,000/year more then declining as you pay off the principal, but a ballpark of 2500x30 is $75000 more in interest (deductible)).
Mary Jay Math of 100K Covid withdraval
31 December 2020 | 18 replies
Lastly, you lose the benefit of depreciation deductions since the account is already tax deferred or tax exempt (if in a Roth).There are a number of ways and means to leverage/fund a RE purchase without taping into your retirement account, so I would start looking into some of these options.