Jared Comeau
Appreciation tax break on rental properties
Good morning BPI have a question this morning. I'm hopinganyone knows how the tax break works in the US for the annual depreciation on a rental property works.How long does the depreciation tax break last on the prop...
Byron Valles
Why you should consider donating appreciated securities instead of cash
Donating appreciated securities to a charitable organization can be a smart way to give, both for you and the charity. When you donate appreciated securities that you have held for more than one year, you can avoid pa...
Nadiya Lonkevych
Could negative cash flow be deducted?
Hi everyone,I am about to become an investor renting out the condo I currently live in (Columbia/Ellicott City, MD area) and purchasing another house for my family. The condo was purchased in 2006 at it's highest ever...
Mark Burlison
Self directed llc down payment
Have a down payment for my first property in a 401k. My accountant mentioned self directed ira llc’s. He really didn’t know much...but had heard of them. Trying to sort through the info...I am over 59 1/2. Asked a com...
Ricardo A Perez
Do you pay taxes on cash flow ????
Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
Henri Meli
Can do 1031 exchange while downsizing assets?
Had a discussion with other investors today about 1031 and thought I run it here for opinions. John is an investor in my group.4 years ago, John did a 1031 exchange from a SFR into a MF and took on $1MM debt on a $1.5...
Brandon Bell
FMV Rental Rate When Filing Taxes
My wife and I work on the road and have roommates who occupied the residence for the entire year of 2022. I was informed that as long as we were not charging over the FMV rental rate it would not be taxed as income. A...
Rich Barrett
Self-Directed IRA - What happens when you turn 65?
My wife and I are 54yo, with IRAs holding traditional securities, and have previously dismissed the idea of using that money for real-estate investment for various reasons.
However, there is a piece of land that we’...
Andrew Brown
Need help in Detroit
Need help analyzing my first deal. It's in a c class neighborhood in Warren MI. Price 105,000 rent ready. 3 bed 1 bath, basement and garage. Expected rent 1200. Expected taxes 3200 (unbelievable to me!). It meets 1% b...
Victor A.
Checkbook SDIRA LLC - how are taxes handled?
I am planning to open a Checkbook Self-Directed IRA LLC through a custodian that supports these accounts. I understand that you also need to obtain an EIN for the purpose of opening a bank account in the LLC's name, ...