Ang Bucci
Achieving Real Estate Professional Tax Status
Hi BP Community- I have been reading about the benefits of achieving the "real estate professional" status for tax purposes. I understand the specific rules laid out in the guidance but am curious to hear examples of ...
Monish Lillaney
Filing Taxes as Real Estate Professional
Hey All, I work as an engineer full-time, but I also work full time on my rental properties since I do all the work myself. I just bought a three family this year, and haven't been able to rent it since COVID, so i de...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...
Ellen A.
Tax benefits? Real Estate Professional Designation?
I now have 3 rental properties and 1 primary residence. 2 of the rental properties are doing great but the other 1 is turning into quite the money pit. We hope to spend a lot to fix it this year and maybe next year ...
Chris Pounds
Achieving "Real Estate Professional" Tax Status
First post, all. Thank you for reading.
I am considering jumping in on the landlord/rental investment train. I want to maximize my returns and try and achieve REP status on my tax return, therefore allowing depreci...
Jamie Juelfs
Tax time- Real Estate Professional Status
Hello all- I’m interested in claiming RE Professional status. I’m wondering if time spent traveling to-from rentals is eligible towards the 750hr requirement. Additionally is time spent doing due diligence and searchi...
Kevin Hunter
Tax Accountant/Professional needed! (Capital Gains!)
Hello BP Community, checking to see if any reputable tax professionals/CPAs that can be referred in the Chicagoland area? I'm in SW Burbs if that makes a difference. Preferably someone well-versed in capital gains tax...
Michael Plante
real estate professional tax designation deductions?
I am probably going to file as a Real Estate Professional this year rather than try to get long term capital gains or even short term I’m flipping too many houses and believe I will be seen as in business and not doin...
Jon Peterson
Tax Professional wanted in Twin Cities
Hey Guys-I am looking for a tax professional to help me prepare my taxes. I am looking for someone who has experience working with people with rental properties. Any advice is greatly appreciated. Thanks!
Kent Hranicka
Anyone know a good tax professional
It's getting to be that time of year and I'm realizing that my taxes are now too complex for DIY. Does anyone know a good tax professional at a reasonable price that has experience working with real estate investors...