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I'm employed as a W2 computer engineer, while my wife works as a W2 software engineer. We have one short-term rental (STR) and two long-term rentals (LTRs). I'm curious about my eligibility for real estate professiona...
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Can anyone recommend a tax professional/CPA in the Reno, NV area? Are there any other CPA’s that are recommended for a new investor?Thanks
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I am new to the taxation side of investing, here's where I am at. I waited until the last minute, then filed an extension(good). I used a national tax prep company (bad), and I am certain they missed a lot of deductio...
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Navigating the maze of taxation can be daunting. Whether you’re an individual, a business owner, or a self-employed entrepreneur, managing your taxes efficiently can be the difference between smooth financial sailing ...
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Hello guys,
Considering making moves to achieve REPS.
I have read the rules quoted from the IRS sites that come up on almost every internet post I have found relating to this subject.
Having trouble figuring out ...
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IRS-REPS Status - What qualifies as Real Estate Professional?I have reviewed multiple sites blogs posts etc about REPS and found very detailed information, but one area still remains less clear for me. There are 11 ca...
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I’ve been a very passive investor but I’m looking into buying our first rentals out of state and becoming a real estate professional.
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Last year I owned no rental property and spent little time on real estate. This year I will acquire at least one rental property and meet the qualifications for both Real Estate Professional and Material Participation...
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Situation:We're acquiring properties at a steady rate (2-4 per month) and I'm looking to improve our cash management. The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining...
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Hello Everyone,I need help in finding a tax professional who specializes in working with investors and real estate agents. Can anyone recommend someone in the Nashville area?Thanks!