Mary Jay
Taxes during retirement
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
Brian Stinson
Insurance deductibles for SFR
Curious of what everyone is electing their SFR deductibles to be? My thought was the higher the better to maximize cash flow. I have been keeping them between $9,000 to $10,000, does anyone go higher?
Gary F.
Deducting Vehicle and Expenses, Section 179
I'm a new investor looking to make my first venture into investing. I'm starting to rent rooms in my private home to start. I was researching deductions to offset my rental income. Section 179 is intriguing for vehi...
Elena C.
Looking for accountant in MA - househacking
Hi, would like to get a few referrals for accountant to help with taxes with extensive knowledge on what can be deducted or depreciated when househacking.We bought our first duplex this past May and have been living i...
Andrew D Hansen
Pay taxes on state refund?
I have a rental and got a state WI. refund. Is it taxed as part of my gross income next year at 100%? Does it count as income for next year??
Monica Evans
Deduct paint cost from security deposit?
Experienced landlords:Generally speaking, when you are turning a property between long term tenants, do consider re-painting as a “standard” part of the process? Or, do you consider that as “extra” wear and tear and d...
AJ Witt
Personal Loan to Fund an LLC for REI
I have taken a cash-out loan on my personal residence to fund an LLC in which I am buying real estate.
From an accounting standpoint, what's the best way to structure this? Can I consider this cash infusion into the ...
Kevin Luttrell
Forced to take $25k passive activity loss deduction?
Hi All! Hoping someone can help me with this question. For the last couple years I have had losses on my tax returns from passive rental real estate activity. I am not considered a "real estate professional" by the IR...
Jimmy Au
Cash Out Refi on Primary Residence or Rental?
Hi BP fam!
Let's say you own 2 properties free and clear. One is a primary residence and one is a rental property. Which one is the best to do a cash-out refi on? At this point in time, I only want to refinance one (...
Elizabeth Edgar
Newbie Tax Deduction
Hello All! November 2020 was my introduction to the world of real estate investing. I purchased some startup equipment and educational materials (dedicated laptop, BiggerPockets subscription, a few webinars) and a ha...