I really need to find a professional to help strategize the best ways to reduce taxes in addition to preparing taxes. I have several rental properties and I am self-employed as a real estate agent. For example, I didn...

Hi BP Community, I am searching and cannot find an answer to this so thought I would start a post and see if the BP community can help us navigate. My wife and I are looking to invest into Fundrise, an eReit, that inv...

Hi,Situation is a property that I own outright, had roof damage and received an insurance settlement. Because of the circumstances, sold the property, the settlement will not be used to repair the property.  Some of t...

Hi Everyone,We are business owners (construction co) classified as S corp, 2 members -  paid with W2 income from the business.We deferred salary for 2024 to a Solo 401K.  Are we required to pay FICA tax on the deferre...

@Amalia G. Your post in this thread"three mortgages left and 450k to spend"  " I actually have A few in Austin. And though I love Texas opportunity the property taxes are a killer ! I have been trying to stay out of i...

Hi Guys! I am new to the Bigger Pockets Family.  But I am in great distress seeing how much taxes are deducted from my W2 income.  I need help with understanding how to reduce my taxable income strategically through s...

I am currently looking into buying a rental property. However I will pursue the deal that makes the most sense and wanted to confirm I am on the right track in regards to my understanding of tax write offs. I plan on ...

I am looking into selling my STR in TX using "subject to the existing financing" while utilizing a 1031 exchange into a new investment in MN. Is that something that is even possible? If so, can additional funds be bro...

Hi there, I am seriously considering buying an investment property in Michigan north east of Detroit. I am wondering if I put the cash flow from the investment property into my children's MESP 529 account can I reduce...

A CPA (in prior year) told me that if my rental property has avg rental period LESS than 7 days than my losses can be treated as "NON passive" on form 1065. in this case they go on page 1 of the 1065 and I do NOT comp...