Cam Jimmy
BRRRR Tax question - Stepping up basis
When you complete a BRRRR, can you elect to have all of your expenses of the renovations be added to the basis of the house?For example - you buy a house for $100,000, and put $50,000 into it (Including repairs, maint...
Aashrit Luthra
Negative Cash Flow Impact on W2 Income Taxes
Hi all. I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down. The rent I can expect is $3200. This would surely put me in negative cash flow o...
Jay Amin
Tax question re: passive investor in a real estate syndication
I'm very new to real estate investing, but have a few questions about the tax benefits of becoming a passive investor in a real estate syndication investing in multifamily residential properties. According to section...
Daniel Trzaskos
Offset Capital Gain Tax
Long story short I sold a rental I had and walked away with approx. 90k. For a variety of reasons I wasn't able to do a 1031 exchange. Was wondering if anyone had any advice to offset the capital gains tax I'm on the ...
Ari Bachrach
Tax implications of syndications
I have invested in a few syndication deals in the last few years, and three of them are ending or have ended this year. How are the final distributions taxed? Assuming there's depreciation recapture, will the deprecia...
Andrew Syrios
Question regarding long term capital gains and depreciation
We are thinking of selling a couple houses we've owned for a few years and they will have fairly significant gains. We have a fairly large portfolio of other properties too though. Does the depreciation loss for those...
Charit P.
Taxes on multi-family syndication
Hoping someone with syndication and tax knowledge can answer my question. My first LP multi-family syndication deal sold for a profit in 2022. When I sum up the tax losses claimed during the first 2 years of the deal ...
Ben Polansky
Maximizing Real Estate Professional Status
Hi BP - first time poster here! I own a few properties in the Los Angeles area with a partner. This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions th...
Armeen Mazda
Depreciation recapture and passive losses when selling property at a loss?
I have a rental property with the following situation:-$155K of passive carryover losses-$100K of depreciation taken-$700K adjusted cost basis (purchase price less depreciation)- $775K net sale (selling price less rea...
Justin Brin
What other kind of income can I deduct with Rental Real Estate losses?
What other kind of income can I deduct with Rental Real Estate losses?If lets say I have $50,000 paper losses from my real estate can I use it to deduct short term capital gain? What about other types of "passive inco...