Brady Pasemann
Looking for a Tax/CPU individual near San Marcos Texas
Hello,I live in San Marcos and in the need of a Tax/CPU specialist who knows Real Estate very well. I'm in the beginning stages of investing and need to know how to plan with taxes in mind. I have a lot I want to do...
Account Closed
Taxes for LLC with paid-off properties
Hello, I wanted to get an idea of what the end-of-year taxes are like for LLCs that own properties. Specifically for this scenario...We expect to pay off my parents' home by early 2017. My plan is to establish an LLC ...
Andrew Brazell
Florida (Panhandle) STR Tax advice
Hi all!Military couple new to the panhandle in our very first property! It’s a 4 unit- we do house hacking through a mix of leased tenants and STR. We originally planned to do leases only but pivoted to STR to maintai...
Nic Daigle
Tax deductions if maintenance exceeds rental income
Hello All,I recently put new flooring in my townhouse before new tenants moved in. The cost of the new flooring was approximately $3,400. I'm also in need of a new roof. I have the cash to do it and would like to do i...
Ana M.
Please Help! Capitalization vs. Deductible- house flipping
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have LLC's for mostly flipping properties. I have only 3-4 rentals in my 3 ...
Frank M.
Expenses before "in-service" date?
I bought my fixer-upper last March, and it took until November before it was ready to show, i.e. place "in service."I asked prior, if the insurance had to be capitalized or if it was an expense, and @StevenHamiltonII ...
Julio Gonzalez
Top 9 Agriculture and Farming Tax Credits!
Agriculture is an industry that has many tax benefits available to those who invest or own/operate farms and ranches. Here are what I would consider to be 9 of the top tax credits available.
Cost Segregation Study:...
Account Closed
Transactional lenders
Does anyone have any experience using a Transactional lender for a double close? If so I have a few questions: 1. What were the fee's like ? 2. How much funding did you receive? 3. Is there anything that isn't commonl...
Pratish SHah
mileage tax deduction and covid
I currently own my and live in a condo which I will rent out on July 1. I will be moving out of state with my family on 15th june. Ideally I would have had my family just fly to the new location on 15th June and I wou...
Brandon G.
Tax Question
If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a...