While this forum is primarily Real Estate driven I was wondering if there was anybody that took there income earned through Real Estate whether it be via rehabbing,buying and selling, landlording ETC. and invested...
I see alot on the site about buying and selling but i dont see alot on the site about a specific amount of monthly passive income. I want 10,000 a month in passive income. so do i buy 50 sfr or a 250 unit apartment ...
How can I turn schedule E rental income into schedule C rental income? My aim is to open a Solo(k) and fund it with income from rental properties we self-manage. Passive income can't be contributed into Solo(k)'s bes...
In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...
Hi! Soo I’ve been breaking my head trying to figure out extra income ideas to save up for my first rental property. I’ve cut my bills as much as I possibly could I work during the week & have a weekend job. I make...
Hello everyone,I have not been able to find any relevant information regarding this topic, Is self-storage considered active or passive income from a tax perspective? Importantly, if you can show material participatio...
I am just begening in real estate investing obtaining as much knowledge as I can before I dive in. I understand that real estate is a slow grind and in by no means of getting rich quick. My first goal of mine was want...
Hello everyone,
I've been an office professional in Chicago going on 17 years and have saved up almost 100k and have been looking into real estate investing to start earning passive income.
I won't be quitting my da...
People who might normally qualify for the EITC should keep in mind that as they accumulate passive rental (or other investment) income they risk losing the credit. For 2013, the amount of passive income must be $3,...
My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?