Dane N.
Akron, OK small multifamily listing // second set of eyes needed
Hey guys, I found this small multifamily deal in the BiggerPockets Real Estate Listings section: https://www.biggerpockets.com/...It kind of looks too good to be true. Does anyone with experience in the area see anyth...
Xi Guo
What do you deduct for your real estate tax reporting?
Hi, always been told real estates are great way to reduce your taxable income; Would love to see what everyone is writing off other than the basic depreciation. thanks in advance!
Becky Smith
Taxes
so this might be a dumb question. But I'm looking to buy a duplex and I'm going to try and get an investment loan opposed to getting a 3.5% fha loam and owner occupying... but I was just wondering if the tax benefits ...
Juan Contreras
Limit to how many years you can take a loss against w2?
I make under the limit to be able to deduct 25k against my w-2 teaching income. Is anyone aware of there being a limit to how many years you can consecutively take a loss? I am not sure of how pissed the IRS would be...
Sethmi Kachchakaduge
Property Tax Deductible as Expense for 2nd Home?
I’m buying a second home that I may rent out. Can I deduct my property tax as an expense for this 2nd home? I understand you can deduct property tax up to $10,000 but my property tax for the first home is higher than ...
Troy Hebert
82 Unit Portfolio Purchase - Questions
Hi everyone,As I posted last week, as chance has it, I’ve run into a nice looking proprietary opportunity.The deal is a full portfolio of 82 units in 12 building in a smaller town (17,000 population). I have a Few log...
Mike Shigley
Newbi from Seattle
Hi everyone!!
MikeS here. Just getting starting and still in the education phase.
I'm a working agent in R/E for the last 1 1/2 years with a strong interest in investing. I'm still formulating my strategy but thin...
Dan Funk
2 years income
Hello,My first rental was purchased in September of last year. So I had a Schedule E for last year's tax return. And now I'll have a schedule E with this year's tax return. Does this count as the "2 years" so I can us...
Nick Colvill
Seller doesn't have Schedule E - shady?
I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Sched...
Aaron Cappelli
VA funding fee and tax deductions
I have run into an issue with my taxes. I bought my owner occupied 4 plex in OCT 2014. Therefore, the VA Funding fee (around 7000$) is all tax deductible for the tax year of 2014. The "tax professional" at H&R Blo...