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Results (10000)
Yenlan Patton Should you make improvement of rental property to reduce tax ?
26 July 2018 | 12 replies

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. ?

Steve Walker Taxes
24 October 2013 | 3 replies




I’d appreciate some feedback on taxes.

My mom owns two houses outright. She resides in one of the houses, and I rent the other which had belonged to my late grandmother. These houses are in Colorado....

Rehaan Khan HOW TO BEST FILE TAXES ON A FLIP?
29 February 2020 | 8 replies

Hello everybody,
Hope all is well. I bought a condo last year on my personal name, did the work it needed & sold it later. To those who have done this before & have experience. What is the best & busines...

19 April, 2017
BiggerPockets Podcast 223: How to Become “Set for Life” Through House Hacking, Frugality, and Maximizing Your Income with Scott Trench

A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth? That’s the top...

Dan Gandee HOLY SMOKES! I Owed $47K In Taxes!
3 May 2023 | 1 reply

PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...

Caleb Landry BRRRR and flip income.
15 August 2018 | 3 replies

Hello,

Quick question about how the IRS looks at 2 types of income in your company.

I have one BRRRR property and now doing a flip on another property.

Does the IRS look at the 2 sets of income completely separatel...

Robert Miller Tax Question
1 December 2009 | 9 replies

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 ...

April Birdsong AGI >$100,000 Can't deduct rental losses?
21 February 2024 | 11 replies

Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. But, my CPA says that because my AGI is >$100,000, I am...

Daria B. Tracking Note Income (capital gain from sale or income)
12 October 2021 | 9 replies

I have been investing in notes since 2017 and it's been a pretty simple process. Several people in my area invest with a JV that manages the ins/outs and have had good results. We have had numerous discussions in our ...

Frank S. Spreadsheets: Should depreciation and taxable income be included?
10 February 2017 | 4 replies

Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...