Been doing a fair bit of research over the last few days and haven't seen much mention of notes and taxes. Are there any tax benefits with notes? If i invest in a performing note I assume I will be paying standard inc...
Hi all,
A big advantage of real estate is that it can be a large tax writeoff. The "depreciation" and mortgage interest writeoffs can save quite a bit.
If I invest in say mexican or canadian real estate will I lose ...
Is "new construction" depreciated? if so, how? If not, is it a write off? I know I can depreciate my purchase property less the land value, but how do I factor the new construction into the tax picture?
This is pr...
I’m trying to understand what are the tax benefits for having a property paid off.
I haven't found much direct info on the benefits of investing in properties located in states like Texas, Washington, and Nevada. I assume there must be positives even though I am a resident of CA.Would REI in these t...
Hi BP community,
I just surpassed the 1 year mark as a landlord and I'm currently thinking about my tax implications for 2021. Last year was easy to claim a loss and maximize my tax benefits because I only collected...
I keep reading about how there are so many benefits to being a landlord, because you can reduce your income taxes and such...
Can anyone please explain how it works? Like a basic overview? I have heard people talk ab...
I was wondering if anyone knows whether there are tax incentives available for making a vacation rental property wheelchair accessible? I don't have any specific tenant that has requested it, but I also know that we g...
Hello BP community. Are there any real estate tax benefits for W2 high income earners (over $250k)? I’ve read several books/posts/blogs on tax benefits for RE investors, and even contacted a couple of CPAs who are act...
My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...