On today's episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an activ...
Melanie Baldridge
Know these rules before doing a Cost Seg
The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.
Before you buy a cost seg, you need to know the rules:
Tax all starts with the types of income....
Pratik Jhaveri
Can you pass through rental income loss using an LLC?
Hi,I'm in the process of closing on a MFH and am getting mixed advice from two CPAs (one of them is my current CPA). At this time we are going to take title as individuals as one of the units with be owner-occupied by...
Michael Jennings
Rep status, 100hrs, material participation
I searched a bit and could not find the answer to this. Is the 100hrs goal for materially participating per property or per portfolio? Thanks
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
Megan Stone
REPS qualification questions
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...
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 ...
Account Closed
Real Estate Investing
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Anna Thanopoulou
Material participation - proof to collect
Hi everyone,I have a few questions around material participation for an STR:1) Activities that count: does anyone have a list of things we know for sure count (eg based on court cases?) Do home improvement activities ...
Gary Noto
Rental Income for Solo Roth 401K Contribution?
Hello!I am in the process of qualifying rental income I received as eligible for contribution to a Solo Roth 401K
I manage rental of 3 apartment units I own. I have no other activity that I dedicate for making inco...