Joseph Medina
WARNING! Biden's Tax Plan: The Investor's Worst Nightmare
IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...
Rosa Le
Landlord Insurance Advice
Hello!
A lease agreement has just been signed by two tenants who will be moving in November 3, 2023. Unfortunately, I had put insurance on the back burner as I was navigating through finishing up renovations and mark...
John Khadiyev
Deductions on rentals as a RE agent/Landlord
I wanted to know what are the limits on deductions for depreciation or cash flow passive income on rental homes owned by a licensed RE agent. I have read that it's better to have a license when you have rentals (SFR...
Jason Watson
Grouping Passive Activities
Along with Material Participation as a Real Estate Professional, you might also want to consider grouping your activities together. So a common question that I get is-
Do I need to group my rental activities together...
Sean Hickey
Rehabbing and Taxes
I have a tax question for the experienced...
I have a property that I purchased, rehabbed and could not sell for a long period of time. I lost a substantial amount of money on the deal (closed in 2009).
My business...
Nick Rutkowski
Picking an Accountant
Hey Everyone,I'm in the process of finding an accountant who specializes in real estate investing. What would be some questions you would ask to see if they are great fit for your company?Thanks,Nick
Shane Veltri
S Corp Paying wages even being absentee owner
I am looking into buying a retail business that my friend will run and manage. I will do virtually nothing in the business but maybe some paperwork like tax prep. I want to run it as an S Corp and am wondering if the...
Jagan Reddy
Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...
Account Closed
Impact of deductions explained
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...
Craig Ts
Depreciations and tax benefits
All,Need help understanding personal income tax benefits of SFR depreciation, would be great if you can comment:Lets say one is not a real estate professional then, AFAIU depreciation (straight line or cost segregatio...