Guan Hong Guo
Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
It has nothing to do with marital status or one's relationship with other adults.
Samuel Kim
Real estate professional status 750 hours doable?
15 January 2025 | 5 replies
Quote from @Samuel Kim: Hello i am a doctor who wants to use cost segregation/bonus depreciation on my 9 rental houses, my home maker wife wants to meet the 750hr test to obtain real estate professional status and material participation.
Mike Yerardi
Is it worth it to keep paying for the "REALTOR" status in Massachusetts?
2 January 2025 | 1 reply
Right now, I do have the "REALTOR" status but wondering if it make sense to keep paying the $800/yr to keep the status?
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
From what you wrote it sounds like the rental you own is your sole, pre-marital property.
Mayer M.
Real Estate Professional Status/Time Tracking
5 January 2025 | 80 replies
Any recommendations on the most efficient way to track your time when classified as a real estate professional? My accountant wants me to start doing this in the event of an audit being I’m starting larger projects an...
Abrahm Dimmitt
Prop stream or Deal Machine?
15 January 2025 | 34 replies
Hi, Anthony, yes, I have had a lot of trouble with DM returning incorrect data - wrong owner or owner not found, wrong or no mailing address, very few sale dates, and now when I filter on lead status, it does not return all leads with that status.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
So I contacted the tax collectors office and was told there was a legal loophole and that since the building had been owned by a non-profit for part of the year it would receive tax exempt status for the full year.
Annie Anson
How to meet material participation hours for out of state investors
9 January 2025 | 20 replies
To qualify for active status on short-term rentals for tax purposes , you need to meet the IRS’s material participation requirements.
John Underwood
BOI requirements back on hold
6 January 2025 | 4 replies
However, in order to preserve the constitutional status quo while the merits panel considers the parties’ weighty substantive arguments, that part of the motions-panel order granting the Government’s motion to stay the district court’s preliminary injunction enjoining enforcement of the CTA and the Reporting Rule is VACATED.”
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
@Bob Dole Here's an article on REPS status that you may find helpful.