Carl Graff
Passive Loss Carry Over Reduce IRA distributions
OK just found out we (my wife and I) have about 65K in passive loss carry over going forward. So being retired with 2 rental incomes that break even or only generate a little income we will not be able to apply much i...
Travis C.
Am I a business or passive investor?
I probably need to quit doing my taxes on TurboTax and just get a CPA at this point, but I am a "mom and pop" single family home rental property investor with now 20 properties. I hold title currently to all my proper...
Eric Lee
Filing taxes for rental property (first timer)
Hi Everyone,I closed on my first rental property at the tail end of last year, and had tenants moved in for about a month. Given that this is my only investment property, and it was owned for such a short amount of t...
Colton Saucier
Maximize Deductions For High Income Earners
*Incomes over 8-Figures*So I’ve tried to avoid publicly coming out as far as what my financial situation will look like going into 2021, however I keep getting conflicting advice from each new CPA and tax attorney I s...
Account Closed
Kiyosaki talk. Write off RE with business??
Hi, I was watching a kiyosaki vid, and I heard him talk about Jared Kushner not paying taxes in regards to 3 forms of income. I’m not totally sure what’s being said here and I’m not asking for the “safe” “sounds real...
Laurie Cundiff
Tax benefits of investing in rental property in Solo 401 K
We are buying rental properties within our Solo K. Can someone tell me what the tax benefits are to doing this? I understand that closing costs, interest, insurance etc. typically are deductible expenses in general,...
Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Scott Roelofs
Cannabis Industry and Cost Segregation
We always think of cost segregation studies for multifamily, office and retail but now the cannabis Industry is taking advantage.
Who do you think gets the biggest benefit from cost segregation?https://www.bizjournal...
Ernie Benavidez
I’m a tenant in CA. Cleaning fee refund question
So I was in a month to month duplex house. I was there over 3 years. The landlord asked us to move out because they want their home back for use and gave us the normal 60day notice. It’s been about 45days since. The l...
Mike Bowling
Taxes
I haven't purchased my property yet but I'm trying to learn everything I can before I dive in. What all tax write offs can you use when you own property? How much is land tax usually also how often do you have to pay ...