Joe Minteer
Sold a rental for major profit, then bought other rentals with money.
So I finally sold a home and made a considerable amount of money. I took the money, though not all of it, and bought a number of new properties. How do you go about handing taxes with this type of situation? What k...
Judd Campbell
Unable to use depreciation on the rental property
I got into rental property with the intention of using the depreciation on the property to help lower my taxable income. My accountant just let me know that I was unable to use any depreciation due to income limit...
Amby Bhagtani
Depreciation against W2 - Income
Hello, I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? Thanks, Amby
Loic Assobmo
Earnings too high to claim passive losses?
Earnings too high to claim passive losses?
so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time emp...
Krista Roodzant
How to factor in the depreciation and losses into your ROI
Maybe this has been posted before, but I'm not finding it. After speaking with our accountant, it seems like we need to be accumulating a portfolio to help offset the W-2 earnings. How do you calculate the depreciati...
Jeff Blankenship
Should I sell for loss, or Refinance rental
I purchase a new property in 2007 for $186,000 to be used as a rental property from day 1. The property was initial rented for $1300. Hindsight is 20/20 and not good investment, but I'm trying to figure best way to...
Mike Masland
Applying Tax loss to W2 income
Hello,Noob question on the potential tax benefits of real estate investing. My wife and I have W2 annual income (dual income family working for large corporations) that puts us in the ~30% marginal tax rate bracket. ...
Gerhard Maree
Cost Segregation Losses - STR
Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000. Does that roll over as a credit for future income or do the IRS actually send you a check?
Andrew Thomas Vedder
Tax deductions for real estate
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
Anna Stolpe
Depreciation can not be deducted?
Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...