I have a newbie question regarding income for an LLC. If a property grosses a 100k, nets 50k after expenses, and then capitalizes the other 50k in improvements to the property, what is the income that is taxed? 100k?...

I have a primary residence which I will be renting out and buying a second as house hack. What is the best way to report or file rental income taxes in CA? Sole prop with a DBA or simple on my personal. I know I shoul...

I bought a condo in 2015 and lived in it for less than two years and then rented it out for a couple years. This was all before I found BP and knew anything about real estate investing. Once I joined the community and...

Heres the situation:1. My income from my job is low. 2. I have a cash flowing rental property.3. My goal is to become more "bankable" (a better candidate to be approved for traditional lending) Question: Should I clai...

My husband and I co-own an investment property with our daughter which we are now renting out to tenants. My husband and I have also mortgage on this property. Our daughter’s name is not on the mortgage even though sh...

Hi, I'm looking at the Capital Gains Tax rate chart and can't find a clear answer on what is counted as "taxable income" which determines where you fall in the 0%-15%-20% brackets. Assuming I only have a job and a ren...

Hey guys! Does anyone know of an Attorney focused on Real Estate in San Bernardino county, Riverside county or LA county for rental income tax questions. I need some questions answered. Thanks in advance!

Hey guys-Im still new to posting on BP, hope no one minds if I share some personal numbers, but I could really use some calmer heads on this before I go crazy.I was all set to start visiting a property, and I started ...

Hello,I was reading up on the requirements to submit tax returns and pay income taxes in Ohio.  I've read the CAT is not required if the business has gross receipts under $150k.  My rental income is way below that, bu...

Any experts here on LIHTC? Looking at a possible rehab of affordable housing in Indiana. The deal works without LIHTC, but would sing with it. Between acquisition and rehab, looking at about $9m of qualified expenses....