Jim S.
Real estate professional - rentals & flipping
I've been reading old posts about the "real estate professional" status (of which there are many) but it isn't clear to me if flippers can utilize losses from their rental properties if they don't self-manage their pr...
Susie Wyshak
1031 IRS exchange extention for California, Georgia & Alabama in 2023
(Oops I can't fix my typo in the subject line!) :(Just read about an incredible extension that 1031IPX is saying the IRS is allowing in certain states this year. The example is making me drool...in a good way. I wasn'...
Gabby Cunidi
Exchange- Joint tenants to community tenants wros vesting change?
We are closing on our replacement properties of a 1031 Exchange. In the relinquished property our vesting was as joint tenants (we were young and newly wed and did not understand the differences). Many decades later...
Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
BP Community,247 pages of final IRC Sec 199A regulations, 39 pages of new proposed IRC Sec 199A regulations, a new Revenue Procedure related to W-2 wage calculation for 199A purposes, and a proposed Revenue Procedure ...
Jose Hammer
Qualified Business Income Deduction for Rental Property
I own 1 profitable rental property and I am retired, keep separate records on my rental property.According to IRS guidance it states: "If an interest in real estate fails to satisfy all the requirements of the safe h...
Vaishal Patel
How can i show "Material participation" to claim passive losses?
So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...
Mohammed Milord
Can you use a 1031 exchange if your properties are in a holding llc?
I just wanted to know, would there be an issue if you wanted to use a 1031 exchange if all of your properties were in a holding LLC?
Emre Dura
Need legal advice for LLC opening as a non-US citizen/resident
I'm a new (foreign) investor and just bought a new property in Detroit with cash as a first move. Looking forward to legal advice for LLC opening. any referrals who have experience with international investors? Thx
Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Brian Slater
Exchange from Personal Ownership to Multiple Owners/Partnership
Hi all,I am going through the research now on doing a 1031 exchange from a single family home where I have seen decent appreciation (and also was my first SFR, so I put more into it than I should have!). I will have ...