Account Closed
TX Taxes and Investing
@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...
Vu Nguyen
W2 Income Tax Deduction Strategies through Syndication
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...
Nathan S.
Selling an STR subject to while utilizing a 1031 exchange into a new investment
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...
James Boreno
Do I have to pay Capital Gains?
Hello BP Fam,One of my SFH caught on fire and I'm in the process of selling it to a contractor. Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fir...
Mark Anderson
Depreciation Owner Occupied Vs. Rental Am I On the Right Path
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 ...
Andrew Gingerich
529 Tax deduction to offset rental income in MI for out of state
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...
Mike Stone
can I use NON 'passive losses' for short term rental property ?
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...
Account Closed
tax help- muy importante for success....
I suppose I could ask my cpa but Ill see what you guys think on this first so he doesnt bill me for consultation fees...situation: my partner and I wish to finance a property. due to the deplorable lending market, its...
Elena Pech
Why houses have same taxable value but different property tax?
I am purchasing duplex with Annual Property Tax $600 higher than a similar duplex in the same area. The houses have the same SEV and same taxable value (Info from MLS list). Other houses with the same taxable value al...
Jason Xenakis
Physician in Public Service Loan Forgiveness program
Hello. My wife and I are physicians that like in CT and work in NY. We plan on purchasing our first out of state LTR. I am enrolled in Public Service Loan Forgiveness (PSLF) program and need to pay 10% of my taxable i...