Nicholas J.
Form 4562
So looking at form 4562 on last years tax return, what might be the value on line 17 for somebody with 1 rental property. I purchased a rental home in 2012 for 120k, line 17 on my tax return says $116...I'm not so su...
Jeri Herrera
Bonus depreciation and real estate professional
I receive $16500 in rental income for the year. I remodeled the rental property this year at a tune of $17000. I also pay the mortgage and 10% to a property management company. Because I have put so much time into ...
Christian D Llanos
Transitioning to Dallas
Hello,
Background:
I am 22 and will be moving to Dallas alone from June to August as I am starting my professional career in October. I graduate in May and will be taking 3 virtual classes to finalize my requireme...
Peter Morgan
Is it possible to carry over bonus depreciation to next year?
Hi,I am considering a syndication investment with 80% bonus depreciation on the first year.However as I understand the depreciation has tax advantages over passive income only but not on regular W2 income.Had passive ...
Deandre Price
I want to get started, any suggestions?
HeyEveryone,I just moved to the triangle in NC, I have read a lot of books on real estate and went to some seminars and I really want to get my feet wet in investing (i.e flipping houses, wholesale) but I do not have ...
Chris Elliott
Should I start a Self-Directed IRA?
I'll set the context of my question: I am 27 yr old self-employed individual with no IRA or 401K currently in place.I've heard self-directed IRA's explained and I can definitely see the benefit to someone who already ...
Dan Shelhamer
How does cashflow get taxed?
So I just closed on my 1st SFR last week, and am hoping to have a tenant in by June 1st. A couple questions I have.I was going to set up my LLC within a couple months as I plan to grow this into a full time business ...
John Brian
What would be the NAICS code for a Real Estate Investor
I am an LLC here in Texas and have to file a franchise tax accountability questionnaire, does anyone know the NAICS code for real estate investing?
Jhamari Hogan
Understanding Tax Obligations (CLE, OH)
Hello, I live in a Columbus, OH suburb and want to buy an investment property in Cleveland, OH.I pay local taxes in the city that I work in, as well as the city in which I live. From online research, I was able to fin...
Marlana Elliott
Suggestions for newbies
Hi everyone! I would like to get some personal input on which part of REI would you recommend that a newbie starts in? And why? Thanks in advance