Jeremy Zindel
Deduct charitable contributions on a Schedule E (or C)?
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
Roger Hauf
need tax strategiest / cpa
I am in need of a good tax strategist and or cpa my person will be retiring soon in the Denver Colorado Area, I also have some property in Texas.
I have a question regarding capital gain also, so we sold a couple o...
Julian Delgado
Looking to grow my Real Estate Portfolio/ different strategies here in Baltimore!
Hello everyone!Seeking some advice and tips on how to continue in the right direction, looking to continue buying real estate in Baltimore I just recently moved into a newly renovated single family row home but alread...
Will Rodgers
Tax Benefits of Rental Properties
Hi All,I understand that there are great tax benefits/write offs as it relates to the purchases you have made towards your rental property like depreciation, maintenance fees etc...My question is...Are there any tax b...
Anna Smith
Depreciation recapture/ capital loss and 1031
We are selling our money pit of an investment property. We bought for $400,000. We will likely sell for $375,000. We've owned it for 10 years. It has been a rental for 8 years.
We need a professional to help us w...
Bilal A.
Any High W2 earners out there?
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
Bruce L.
Recapture Tax Help
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Robert Miller
Tax Question
I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double ...
Yenlan Patton
Should you make improvement of rental property to reduce tax ?
What would you do to help reducing your taxes with your rental property income ? we have more income from our rental homes this year which is a good thing but other hand we will pay more taxes next year. Any thought. ?
Mark Betche
Depreciating Investment property
I just read in a book that you can depreciate your investment property. Does anyone know the formula for doing this?