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Hi All! Still trying to lock down a tax pro who is familiar with the STR strategies, but in the mean time- I’ve got some questions. I just started my AirBnB, it’s a full time investment property. According to most ...
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If I were to buy a 2 bed condo to live in and rent out the other room, would I get the tax benefits of it being a rental? Specifically, would I get to claim depreciation, write off the HOA fee, etc.?
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Okay forgive me if this is a super junior question...We get all sorts of deductions from depreciation and whathaveyou... But if we hold the house in an LLC... doesn't money we take out of the LLC get taxed like income?
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Hey everyone, hoping to get some insight from this group regarding the RE Professional Tax benefit.
I see lots of articles claiming that I should be able to deduct rental losses against my husband’s W-2 income if I c...
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Hello,Just a quick question for anyone who might have some knowledge on it.If I team up with friends to buy an Airbnb property, can we split up the bonus depreciation loss against all of our w-2 incomes?Thank you!
Hi - we are planning our exit strategy (retiring outside the country in 3 years) and unfortunately, need to sell three multi-family properties (each one has 4 units) at a loss -- thinking of one each year to make t...
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I am new to Short Term Rentals and working with a partner to build our first rental cabin. How can I still benefit from taxes for 2021 if our cabin won't be done until 2022?Quick background: My partner is fronting the...
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Are there any big tax benefits to using the BRRRR Strategy? Are any of the expenses accumulated while fixing up the house tax-deductible?
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My spouse and I own rental properties. Our longstanding property investments had passive loss carryovers from the earlier years that are now going down each year due to passive profits. (The rental market is very stro...
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I was wondering what the tax benefits were of owning real estate? I know it is agreat investment, but I wonder what all the little details were. :mrgreen: