Yianni Hahalis
First Time Real-Estate Investment
Hi all,I will soon be moving to Cleveland, OH and either renting or buying in the surrounding area with my future spouse. I have about 20,000 saved and will be looking to make an investment in the following year. I wo...
Daniel Schiff
Taxes due for flip with married couple both with W-2 earnings
My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
Matthew Kauk
STR loophole for AirBnb
I have an Airbnb that I bought in August of 2023.
Starting in January of 2024. I began to track my hours and where those hours went.
My understanding is that I can use the STR loophole to reduce my wife's taxable in...
Eric Barnett
New Marriage - To form an LLC in addition to existing LLC/S Corp?
When I refer to a new partner I mean a future spouse (fiance) who I will be investing with. My goal is to be able to deduct business meals, travel, etc. that we already commonly do. I currently work in energy consul...
Charles Thompson
Husband & Wife 401(k) Rollover Options
I'll make this short and to the point...The wife and I have two 401(k) accounts (one for each of us) from a previous employer totaling roughly 62k. We'd like to combine our 401(k)s into (hopefully one) self-directed f...
Gary Adams
Real Estate Investor
Hello,
My wife spends over 800 hours a year on our real estate. What are the benefits of her being "Classified" as a full-time investor?
Roli E.
Can I sell a property to my spouse
Hello everyone,I found a 4plex I am interested in and a lender that would accept a 5% down payment, however the seller wants to carry a note on the property for 6 months and she wants me to put down 25%, this is a lar...
Robert T.
Real Estate Accountant
Hi: I am in Texas and have organized our investment properties into several LLCs. For many years my spouse & myself have been filing 1040s jointly with pass down income from the LLCs and separate1065s for each LL...
Carole G.
Hello
I have been a member a long time, but just now checking back in. I have been a landlord for 12 years. We own property in several western states. Single family homes and quads. Would like to jump into commercial si...
Ray White
Seeking Tax Reduction Strategies for High-Income Household with LTR Focus
Hello BiggerPockets community,
My wife and I have a combined W-2 income of approximately $550K, supplemented by $100K in stock grants annually. The income distribution is roughly 60/40 between us. We’re long-term ren...