Jack B.
Cash out refinance: can I still deduct the full interest of loan?
Let's say I cash out refinance a rental property; can I still deduct the full amount of interest expense on the new loan, or just a portion of it if I don't reinvest the money cashed out? Please post your source.
Vic V.
Kirkland : House Hack : Help me make sense of these numbers !
Hello y'all !I'm currently super stressed about the financials of a property I'm strongly considering in the S Juanita Area in Kirkland. I'm going to be primarily using the house as a primary residence. However, there...
Viraj Patel
How the IRS taxes different income
I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...
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...
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...
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...
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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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...