Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Scott K.
With apologies, another "What should I do?" post (but with a few twists)
Hello to the community. I know there are at least 100 threads on this great site that deal with “getting started,” and assure you that I have tried to digest as much as possible before resorting to another “help...
Pretty Khare
STR tax loophole with a 2nd home loan
If I buy a vacation home using a 2nd home loan and rent it as an AirBNB when I am not using it, can I still do a cost segregation study to accelerate depreciation and offset losses against my W2 income if I follow the...
Yuting Yang
Short Term Rental in Georgia- Taxes
For short term rentals, do you think it's best to go with Schedule c or Schedule e when filing your taxes? I can't seem to get a clear guideline between these two. For the EY guidebook, it appears that C is when you p...
Gregory Gentert
Daily Routines
So, I am currently a part-time real estate agent while I finish college (one year to go). My license went active on Jan. 01, 2016. So far I have gained my first listing and am working with a few buyer clients. However...
Jonathan Gruber
Real estate professional on short terms while using management company?
Can you still be considered a real estate professional while using a management company for AirBnB? I want to use the losses to offset my W2 income. Thanks
Thaddeus Owen
Did you know - Short Sales have Minimum Bid Dates Now?
I just received this from my Realtor and though it might be interesting to many of you.
Effective, August 1, 2013, if seller’s mortgage is FNMA or Freddie Mac conventional, property must be marketed for minimum of f...
Brett Dudley
Short term rental loophole then long term rental in the future
Hello, just closed on a new house. If i were to airbnb it out for the last few weeks of December, would i be able to use the short term rental loophole to do bonus depreciation on the property (with a cost seg of cour...
Richard Snyder
Active versus Passive Realestate losses
I bought 5 single family rental homes this year so I have a lot of negative cash flow to report on taxes. I'd like to declare myself a "real estate professional" as I'm on sabbatical from my W2 job this year and coul...
Dijana Aleksic
How to use real estate to offset personal income
Hi all,I have a question that day traders may come across. This is my first year day trading and although I did very well I didn’t plan for doing taxes (did not elect trader status on time). Now, at the end of the yea...