Daniel Parlegreco
Can I start an HSA?
Hi guys,I'm very confused as to whether or not I am qualified for a HSA account. I have a subsidized family obamacare plan that has the following deductibles:$2450 per member$4900 per family My health care plan does n...
Account Closed
Step by Step Subject to Existing Loan
Hi everyone,
So I understand the basic concept of a subject to agreement, where the seller agrees to sign over note or deed to the buyer, and the buyer begins making payments to the existing mortgage in lieu ...
Marcus Kuhnert
Selling Long-Term Rental Property to roll into Syndication
First off, I have already contacted my CPA and am waiting to hear back, but thought I'd ask this crowd to see if there is anything to add-My group plans to sell off some rental properties over the next few years - the...
Nick Lawler
Rental Income Taxes
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
Nathan Veilleux
Newer STR owner looking for tax advice.
Hi everyone,My name is Nate and I am just coming up on my first year as a short term rental owner and have filed an extension on my taxes with the CPA, but I get the feeling that he doesn't know what he's doing with r...
Artur A.
Interest/Property taxes/Insurance deduction in CA - How it works?
I bought the first house in CA ( Contra Costa) - 350k.I'm working as a full-time employee, software engineer, making around 126k per year.How much I can deduct:1)interest (1st year is about 9.5k interest payments). 2)...
Joseph Niedermeyer
Newbie question on personal income and rental income deductions
Long time lover of real estate but relative newbie to investing. It’s tax Season and in doing our 2019 taxes I asked about strategies for reducing taxes. I made just shy of $100k last year and want to start investing ...
Link McGinnis
Business Expense deductions by Entity?
It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...
Matthew Kern
Newbie tax question.
Hey guys, I feel like this is a dumb question, but do I deduct non property specific items across all my properties right? For example buying a bigger pockets book, I want to deduct it under "other" as education, and ...
Lauren A.
Security deposit
Hello BP-
I am making the itemized security deposit deduction list for a tenant who I evicted due to no payment and would like to know if I can deduct the legal fees and late fees? The apartment is in the City of Los...