Kayhahn Alikhani
Do I have this right (regarding business and taxes)?
I am an RE investor with an LLC, can I run my business as an agent through the same LLC? By doing so, would I be able to invest agent income into real estate “pre-tax”? Sorry if this is a dumb question, this is my fir...
Manson C.
$25k Passive Loss to Offset Ordinary Income
Hello. My adjusted gross income is under $100,000, and so the passive loss (including phantom loss from depreciation, deductions from mortgage interest and property tax, etc.) from my rental properties will be offsett...
Jake Andronico
How Low is the Inventory in Reality?
Every market is different, but in Reno, NV for the month of May in 2024, our active inventory was actually very similar to what it was in 2018 when the market was "normal". In 2022 in the summer the active inventory w...
Edward Stephens
Limited Partner (LP) write offs in syndications?
Hi BP! I am a real estate broker and also owner of my own rental properties. I recently invested in a multifamily syndication and received a K1. My CPA has instructed me that the depreciation I take from that parti...
Marvin Song
Tax deductions on partnership return for out-of-state investors
Hi Everyone!My wife and I live in NJ but own rentals in Indiana managed under IN LLC and its parent WY LLC. We are members of WY LLC with 50-50 ownership. My CPA says 'since both rentals are in another state, it is di...
Franklin Lee
Unlimited tax deductions back in the days...
I heard from my dad that back 15 years ago when he was an active investor managing a rental business, he was allowed to take unlimited tax deductions...is this true?
Now, I know that you can ...
Slawek Jakubowski
K-1 loss (box 2) vs capital gain from sale of investment property
Hello everyone,I sold my investment property last year and realized a capital gain. I also invested in a syndication for which I received my first K-1, where box 2 shows a net rental real estate loss. Can I use that ...
Min Liang
1040 Schedule E (Supplemental Income and Loss)
Is it true that u can only claim up to $25k on 1040 Schedule E (Supplemental Income and Loss)??
Joyce Talley
RE Professional Tax Benefit w/ Spouse W-2 Income
Hey everyone, hoping to get some insight from this group regarding the RE Professional Tax benefit.
I see lots of articles claiming that I should be able to deduct rental losses against my husband’s W-2 income if I c...
Joshua McGinnis
Looking for California Broker to Hang License
I'm looking for a low-cost broker to hang my real estate license in California. I was previously with Keller Williams in Beverly Hills, but they require all members to be part of the Beverly Hills Realtors Associat...