Account Closed
Ask me questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Matt Pulkrabek
Open Door Capital and K1 Investment losses
My question is regarding passive real estate losses. I am a real agent and investor, therefore I am considered a "real estate professional" for tax purposes. With that being said, my accountant has always allowed ...
Gian Jr, III
Check my math? Deducting STR losses against high wave W2 job.
Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...
David Lao
Interpretation of 8582 Special Allowance for Rental RE Activities
"Special Allowance for Rental Real Estate Activities
Active participation. If you actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from...
Dev S.
Many Solo 401k plans for one tax-id
My S-Corp has myself and my spouse as employees. We both have chosen to contribute to individual 401k plan but through different brokerage firms to take advantage of different plan provisions. Can we both have differe...
George P.
(income tax question) Active vs. Passive
My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
Account Closed
Tax considerations you MAY NOT KNOW about short term rentals
In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations. According to passive activity loss rules, every business is obli...
Slawek Jakubowski
K-1 loss (box 2) vs capital gain from sale of investment property
Hello everyone,I sold my investment property last year and realized a capital gain. I also invested in a syndication for which I received my first K-1, where box 2 shows a net rental real estate loss. Can I use that ...
Jason Smith
STR Operating Model for Tax Benefits
Hello All,
I wanted to get some feedback based on a recent discussion with my CPA. I have a STR property that is in a FL land trust and I set up an LLC to property manage this property (collect rents, etc). I self m...
Jon Denton
HTC renovation: passive vs. non-passive credits
First post here. I currently own a property in a historic district and was planning on selling the HTC's to pay for renovations. I personally have no expertise with CRE, however I do have partners who were to handle t...