Alex Todd
REPS status scenario + underwriting paper losses
Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit. An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k)...
Nick Pan
Capital gain or W2 income to write off losses from rental?
Hello,I expect to have about $10000 losses from rental properties in 2020. Is there any way I can write off the loss using capital gains (from my stock investment) or using W2 income? Or alternatively, how to best uti...
Brandon Schlichter
Lost money on a flip in 2016, how does it impact taxes?
Bought a house mid 2015, did rehab work on it over several months, sold it in 2016 at a total loss of $25k or so.My question mostly is whether that loss can be depreciated or carried over several years, or has to be t...
Hassan Oukacha
Rental property tax deduction
I'm filing my 2017 tax as married jointly. I have 2 rental properties that are both making losses for 2017 due to deduction and cost of acquisition + rehab; we acquired both of them last year. I am using TurboTax to f...
Cristin Andrews
IRS recognized real estate professional while drawing pension?
Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...
Yulia J.
How to compensate tenants for no electricity in the building?
We plan to update the electrical in our 3-flat building. We live in 1 unit and rent out the other 2. The electrical system here is old, so this is for safety and for better utilities separation. Our electrician says...
Pratap Koppula
How to Control Loss of Rent
The savvy businesses are run on efficiency and analyzing different variances brings the insights needed to make the critical decisions. In the Rental, we often hear the vacancy loss, but there is another gain/loss, th...
Zeb B.
Tax Loss Harvesting Implications on Mortgage Qualfications
I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...
Marcus Lane
W2 & 1099 Realtor - Real Estate professional designation
Hi Bigger Pockets Community,
New member here...Im looking for some advice on whether I should be classified as a REPS or not for 2023 Tax year as my CPA isnt much help on determining if I should make this designation...
Christian Espinosa
Can Depreciation (as RE Pro) Offset LT Stock Capital Gains
I have a situation where I plan to sell stock that is subject to long-term capital gains (20%). I plan to qualify as a Real Estate Professional.
Can I use the bonus depreciation I get from cost segregation studies on...