Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10000)
Adam Gray How to Report Wholesale Income
8 February 2016 | 7 replies

What type of schedule or where do you show wholesaling income on income tax documents?

Brittany Baird Apartments.com reporting deposits as income
20 February 2023 | 2 replies

Hi, this is the first year I’ve processed security deposits through apartment.com and I see that they’ve included security deposits on my 10-99k as income.  I set the payments up as “deposits” in apartments.com so I’m...

Kayla Prange Are there any negatives to buying an already established STR?
9 February 2024 | 11 replies

Pretty self explanatory question but anything I might be missing here? I found a profitable property already on AirBnB that works for my numbers. What are the drawbacks to this approach, if any? 

Joe Tran House Hacking Tax Tips & Reporting Income
3 September 2019 | 2 replies

I've been house hacking for over six years-- it's been a great source of side income for me and I've hit a wall when it comes to increasing my loan pool due to my debt to income.  My loan officer says I need to report...

Collin Chew Single Owner LLC, Operating Agreement Required?
22 May 2020 | 3 replies

I am trying to create an LLC for the 3 properties I own. I spoke with an attorney briefly and he mentioned that as the sole owner of the properties and the LLC, I don’t need an operating agreement or EIN. Is it recomm...

Aidan Jones House hack with 3 brothers - How to structure equity %
14 April 2023 | 10 replies

We are 3 brothers that are looking at getting into real estate investing together. We would like to get community input on how to structure this investment. We are at different levels with regards to cash on hand and ...

Eric Miller Does loan product impact taxes?
4 October 2021 | 2 replies

Just curious if the loan product used impacts how one files taxes?  Example, if we use a 10% down second home loan but are planning to use the home as a STR, does IRS know or care how it was financed or just how we re...

Account Closed Capital Gains Reporting on Income Statement
20 December 2018 | 3 replies

Hi all, Last year was the first time I started flipping houses.. on one of my houses I took a pretty hefty loss after selling it and was curious what avenue I take (what form/schedule...) that I utilize to file for cl...

Trevor Bozich Reporting Business Income on Form 1065?
26 March 2019 | 5 replies

I started an LLC in late 2018 as a domestic partnership between my mom and I. When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard. Fast forward to tax time, we own anoth...

Peter Morgan Self reported income from prospective tenant!
24 July 2021 | 6 replies

Hello,A prospective tenant self reported income in Zillow rental manager that's 3x times more than rent. Can I ask for past w_2s and paystubs including a copy of driver's license?Appreciate your inputs Thanks