Hello, should hire a cpa or go to my regular tax preparer for my first triplex

Hi, all. Looking for Austin/Central Texas CPA for occasional advising and regular tax prep. Prefer someone local, so I can sit down face-to-face and develop a relationship with a real estate savvy person who knows the...

I want to document my agent's and my own activities so I can claim the 20% Pass-Through Tax Deduction (aka Safe Harbor). I know the logs have to be contemporaneous. Wondering how others are doing this?

Hi everyone I have the opportunity to seller finance my house with a balloon payment due in 5 years. With high interest rates, it actually seems like a great opportunity. I’ve been living in this house for more than 2...

Hi all,I have a two property portfolio under contract. The properties came in a package deal although I only intend to keep one of the two. I am confident I can find a buyer for the unwanted property but I want to mak...

New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...

A little while back we acquired a property that was a real fixer-upper.   Well, we did a good job and now have positive cash flow.  In terms of positive cash flow, what do you do for taxes?  We'd like to take some out...

Hello All, I have been having good results with investing in buy-n-hold rentals using my ROTH SDIRA, SOLO401K and regular 'cash' investing. To me they each have their place when looking at goals; a combination of some...

Hi,

I was wondering what the best way to shield W-2 income from rental properties is? How much of a taxable loss could I create on a slightly positive cash flow property?

Also, does anybody have any exp...

If a raw land parcel was sold at a profit, with the seller owning this parcel for more than 1 year, with the seller being in a 15% tax bracket ( from regular job ), would there be a capital gains tax liability ? Selle...