Ross Y.
Accellerated Cost Segregation against w2 gains or stock income
Team,I’m entering into a new realm with investing and looking to offset other sources of income with cost segregation combined with accelerated depreciation from real estate professional filing status. If the losses e...
Grant Shipman
Mentor/Coaching/Mastermind: What Specifically Do You Want To Gain
For those of us who have found mentors/coaching/masterminds to make us WAY more money than they cost us, what are you SPECIFICALLY most wanting to gain from these programs? Here's some examples:EncouragementAnalyzing...
Ben Kirchner
Hire a CPA for my 2017 taxes?
I've always filed my own taxes, with TurboTax. Given the simplicity of my income sources and lack of deductions, this was an easy and less expensive way to handle it. I now have 2 investment properties that I purcha...
Austin Wang
Tax Implications for having wife's LLC manage rental properties?
I have a few rental properties that I invested in prior to getting married. My fiance and soon to be wife has an LLC for her investment properties. If she is to manage them, and I pay her, can that income be deducte...
Aaron Rosenberg
Help! I have a tax bill and not a refund for the first time!
I'm not sure if I've succeeded or failed. This is my 8th year using TurboTax. I put in the Schedule E's for my two completely-owned properties and for my mortgaged property. I put in my W2 and my wife's W2. The so...
Vicente Hernandez
Signs I should look for when interviewing for a new property manager?
What are some good and bad signs to look out for when searching for a new property manager? I what type of characteristics should I look out for when interviewing or what are some questions I should ask?
Chukwudi Motanya
S Corp Vs LLC. Which one is better? Is there a Difference?
Hi BP,Is there a major difference between LLC and S Corp? I just heard advice that If I am a solo investor, I would need to be registered as a S Corp instead of an LLC. Does this advice have merit? I am a Buy and Hold...
Melissa Aguila
Ways to offset my W2 tax with my passive income
Hello All,I own 3 short term rentals that I self manage and I Also own another business where I earn my w2 income working full time.My question is from my understanding, I cannot use my passive income expenses to offs...
Brenda Williamson
SDIRA LLC Late tax return penalty
So, I filed my SDIRA's LLC 1065 late and received a notification of penalty. A couple of questions: Should I just pay or is there some benefit to requesting abatement? Any particular line of reasoning in such a reque...
Ivett Soti
How to calculate tax implications when investing in real estate?
Hi,My husband and I are trying to purchase rental real estate properties. We are just learning about it, but our plan is to buy a few of these properties (ranges between $80k - $150k) in the next couple of years and e...