Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
I have a property in my personal name that I plan to rent annually. I created an LLC to collect rent and manage any expenses related to the property. My accountant told me that I needed to move the property into the...
Skyler Massey
Seller Financing A Home We Bought With 1031 money - tax impact
I'm trying to find out the tax implications of a seller finance I'm considering. We just bought a home a few weeks using primarily 1031 money from a home we just sold. We bought this home as a rental but found out tha...
Ron Coleman
Tax Impact of buying property with family member who will occupy
My friend is thinking of purchasing an investment property in partnership with their son who is on long term disability. Their son will occupy the property as a primary residence and not pay rent. My friend is wonderi...
Ryan Lee
Buying and Developing Land in Bowie Maryland
Does anyone have some tips for developing land in Bowie Maryland? I came across this opportunity and wanted to find out some good and bad when developing land.Price 280k Acres 4 There's a few development between the l...
Mike Shemp
If you transfer a property to an LLC, are there tax impacts?
Hi All,If you have a property and you transfer that property into an LLC (for example a Nevada LLC), are there any tax impacts?For example is that considered a sale, and taxes have to be paid?The above example assumes...
Dan Costantino
Tax impact of Guru classes: What and how can I write off?
I know BP hates guru's :-) However, I did some bootcamps this year. I know what money I spent wisely and which I wasted. Please save your breath on that.
My question is, am I able to write the cost off? (Th...
Dean Mitchell
Biden's Tax plan and how it might impact my R/E portfolio
I'm not a very political person and I'm not posting this for any other reason than to see if their are any other tax professional that can comment on this proposal.Its kinda got me freaked out.
https://www.marketwatc...
Jephte Augustin
Short-term rental tax deductions and their impact on W-2 income
I'm in the process of converting my garage to rent out as a short-term rental.I want to know if I decided to take advantage of the deduction to offset my w-2 taxes, whether I would get a refund from the IRS.ExampleAss...
Cliff T.
How is income from private lending taxed? How does REPS impact this?
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
Alex J.
trump tax impact on investors? why arent we talking more about it
I am reading that the mortgage deduction is going to be for loans up to 750k on new deals for primary residency....., how about for rental properties? is that any different? is this capped to 750k total or is it per...