OK, I have done a bunch of reading and still finds some of the new rules confusing.  So I have a few specific questions on these new safe harbor rules.There are some very helpful existing blogs and threads covering th...

Good morning everyone!I think I have a unique situation in that I do not qualify for the de minimis safe harbor election test.  Now the cost of each of my items is below $2,500, however I don't believe I meet the othe...

I'm filing my 2017 tax return and calculating the Schedule E depreciation deduction for a duplex that I purchased in mid-December 2017. My understanding was that my duplex would be depreciated via a 27.5-year straight...

How can I get her to release me from the thinking to start investhing and not to act like we are not broke.

Hi,I've set up an LLC in Wyoming and I'm wondering what needs to be done in order to have it taxed as a C Corp.Any help would be greatly appreciated.Thank you,Doug

Hello fellow BP readers,I'm currently looking to set up my first LLC's to begin commercial multifamily investing. I've been doing my homework and i've come to the conclusion that it's in my best interest to establish ...

What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...

Hello everyone,
In July 2024, I created a partnership LLC with my girlfriend to buy a rental property. We are now married and I expect we'll file our 2024 taxes jointly. We live in Texas, a community property state, ...

Just curious what the historical data shows how the housing market will react to the election. Obviously hard to tell, but I would hope my current investment will be election-proof

Balancing the Pros and Cons for a Real Estate Syndication company. I live/work in NJ but will be syndicating deals out of state as well. My NJ accountant says LLC in NJ, Garrett Sutton (www.corpartedirect.com) goes in...