Arty Fresh
Two questions on reducing taxes
So today I stumble upon something new that you the reader of this post probably learned years ago. I burn some time on YouTube watching videos on paying less taxes.One popular real estate youtuber grant Cardone says d...
Missy Price
HCE Wage Earner with Rental Properties - Tax deduction & Pass-thr
Hello Forum members, I need your help. I am a W-2 Wage earner with adjusted income above $150K and unable to deduct the rental losses on my 2 properties. I have a registered LLC, but the properties are not titled in t...
Janet Behm
Last, Last Minute Tax Actions
1) Buy Supplies in Advance (to increase expenses and offset income)
How much disposable equipment do you expect to use in 2021? Order it now so the cost is deductible in 2020 if you need to offset income. Buy what yo...
George Paiva
Top Ten Tax Deductions for Landlords
Can't take the credit, was searching for tips on tax breaks for Landlords and happened upon this link - http://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497.html
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Jonathan Farber
To show rental profits on taxes or not?
Do most landlords show losses on their rentals? Reason asking I am looking for another loan, and while the rental losses I showed in 2017 are minor, they are hurting my lending ability. Granted, it was nice to recei...
Mohamed E.
CPA and tax credit questions
hey guys i am trying to get some knowledge on what I can get with a tax credit on and what tax deductions I can get as well with a LLC for real estate investments.
Thank You
Arthur Voskanyan
Real Estate Income & Taxes
How is rental income taxed? For example if I have multiple investment cash flow properties and when tax season comes. Is the total income whether vacation rentals/ long term rent, taxed as regular income tax based on ...
Raj Sid
Bonus Depreciation and Year 1
Bonus DepreciationIf i purchase a new construction as investment and put in service for rental, upgrades on top of the base price of the House(As sold by builder), can I deduct it on year 1? Example, if I upgraded t...
Justin Long
Depreciation as it relates to cost basis
I may be thinking about this way to hard. However, I am also a newbie to REI and the tax implications therein. My scenario is simple: Single family home purchased by me and in my name, mortgaged property, and rente...
Amby Bhagtani
Depreciation against W2 - Income
Hello, I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? Thanks, Amby