Karen Johnson
Tenants Screening - Hold Out Or Take A Chance?
I have a house for rent. In the interest of full disclosure I think I may have overshot the monthly rent and was planning to lower my rate this weekend. In the mean time, I’ve actually had a family of four (boyfriend ...
Prash Manohar
tips on getting tax on regular income by real estate investing
Hi all, looking for some advice on how to get tax break on regular job income by buying real estate w/o having LLC or meeting 750 hour real estate hours invested?
Robert Widener
Impact of corona on the vacation home market and seasonal rentals
Any opinions on how the virus, job losses and stock market drop will impact both the 2nd home market and the seasonal vacation rental market of these properties?
Edmund Fontana
W2 Income and Rental Depreciation
My wife and I make over $150,000 with our W2 jobs. Tax accountant basically said we make to much to write off the depreciation of our rentals. Can someone help me understand this and is continuing to buy rentals even ...
William C.
Education On Passing Through Tax Losses to Offset W-2 Income
I understand this has the potential to be a complex discussion and consulting with my CPA will ultimately be the thing to do, but I am very curious what other's are doing in this space, thus coming the forum. After re...
Eric Nelson
REI deductions with fulltime job pay
I just bought a triplex in Bemidji MN. I work full time, my wife and I file jointly around $110k income.The house cost $168,500. If I have a negative cashflow on paper or IRL this year, will I decrease my taxable in...
Brigitte Garrett
Quickbooks when managing properties for self and family.
My husband and I are managing our own multi unit properties and multi unit properties owned by his parents. I currently am using separate company files for each owner on QB. What a hassle signing in and out of each!
...
Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Carlson Driver
Are expenses on short term rentals tax deductible
Say if we had a short term rental in Hawaii and were using a property manager to manage it for us which cost us ~$200/month. And we had to replace a dishwasher for $500 in 2021. Would the $2400 ($200 * 12) + $500 = $2...
Jill E.
Property Management LLC for tax benefits?
Because I cannot take advantage of active deductions related to my real estate rentals, I am wondering if I can pay myself as the "administrator" or property manager of these properties? The IRS believes you can't ac...