I am in the market for a new CPA to file joint and self employment taxes as a Real Estate Agent. Recommend any Cincinnati professionals?Thanks, Sean
This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...
I’m looking at buying a home as primary residence. What portion of the down payment or cash to close is tax deductible? Can I expect a decent tax return next year after buying a home as my primary residence putting ...
Are you familiar with the Section 179D Energy Policy Act Certification? It calculates the tax deduction received due to the installation of assets that are energy efficient such as lighting, building envelopes and HVA...
Hey there Bigger Pockets Community,
I have an interesting situation on my hands and would like some input to see if this plan is allowable or wise. My In-laws own a business that has government contracts in transit a...
There are some new tax laws in effect and others that are sunsetting, making our 2023 taxes look a bit different.
Inflation Reduction Act Updates
45L Energy-Efficient Home Tax CreditThe revisions to this tax credi...
Hello Guys,Let's assume I managed to purchase a land for $ 100 k and I build a 10 unit apartment complex ( construction cost = $ 900 k), and let's say it takes me 2 years to complete the project (The ROI is 100%). The...
I have read that in using a LLC, one can create personal protection against a real estate property in the case of lawsuit. Is this true in regards to a primary residence and should I be looking to purchase my first...
Hello!In 2022 I purchased a real estate course and am wondering if it's possible to write it off on my tax return. I have just one investment property that I rented out Feb-Dec of 2022. Other than that I am a full tim...
Hello All, I own my investment property under my name. However, with the current version tax reform, it does look like pass through business (like S corp and LLC) with less than $500,000 income will be able to automat...