Michael Cummins
Tax savings question on the sale of an income property
I was curious if anyone out there in biggerpocketsland knew of a good book or guide concerning tax savings for an upcoming sale . I decided not to do an exchange. Besides contractors work and depreciation I am not su...
Sam Na
Tax saving via LLC and the Real Estate Pro. title?
Hi everyone,
This is my first post on BiggerPockets and I'm very excited to meet you all and to have the opportunity to learn from you.
I'm a real estate enthusiast and I own a couple rentals. I recently met with a...
Bob Evans
How to hire (W2 or 1099) to maximize tax savings?
I have a question about the best way to hire my son to maximize tax savings for the both of us.
I am retired and have an S Corp from back when I used to be a travel agent. Now my only income is from rental propertie...
Walt Payne
Little known 401K fact that could save you big tax $$
I read an article on a financial website a few months ago about this, and filed it away as something that I might be able to use in the future. Yesterday I was talking on the phone with someone from this site who know...
Dean D
Saving 15.3% in Self-Employment taxes with an S-Corp?
RECPATAXMAN,
If you could go into a little more detail on this S-corp SE savings.
I'm not clear on how the end of year dist. will be excluded of S.E. tax.
I'm currently interviewing Atty's to setup my first LLC an...
Kathleen Rogers
Could REPS make tax savings more valuable than cash flow?
My husband works for a commercial developer (W-2) and is a small owner (K1) so our understanding is that he qualifies for REPS. We're looking at buying an STR to self-manage but with rates and prices where they are, t...
N/A N/A
Low-Cost Options for Federal Tax Savings on Small Properties
Hello,
I received a mail (spam?) from [company name] titled, "New Low-Cost Options for Federal Tax Savings on Small Properties."
"Real estate investors who own property with an improvement basis as low as $500,000 c...
Douglas B.
Can someone explain the benefits of rental income tax savings?
I've heard it said that business income is handled differently than traditional earned employee income. Can someone explain this in an example for me? For example, how is $10k of earned employee income taxed dif...
Forest Wu
Saving on Taxes by Building an ADU for my Parents?
I'm a W2 employee who might move closer to their parents to help them in their later stages of life. Their home is very small and located in California. I was thinking about building an ADU for me to live in to accomp...
Derek Smith
Rent my primary residence to myself.
Hello everyone, Ever since the new tax laws went into place where you have to be uber rich in order to write off your mortgage interest. I've been trying to think of ways to move my mortgage to my investment propertie...