Phineas Howie
Claiming Tax Depreciation with low income
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...
Debbie C.
Taxes on Joint Owners' Rental Income
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...
L Bauer
Taxable Income? Capital Gains Tax Question
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...
Christian Nunez
Attorney for real estate income taxes
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!
Wyatt A Brady
Balancing tax implications with potential income
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 ...
Justin Wilson
Ohio State S-Corp Income Taxes
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...
Eli C.
Low Income Housing Tax Credit (LIHTC)
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....
Jeff G.
Estimating Income Taxes on cahs flow
Why are income taxes never incorporated into cash flow calculations? I am on track to have 6K positive cash flow in my first year for a house I bought this January. I however don't have the slightest idea how much o...
Mike Masland
Applying Tax loss to W2 income
Hello,Noob question on the potential tax benefits of real estate investing. My wife and I have W2 annual income (dual income family working for large corporations) that puts us in the ~30% marginal tax rate bracket. ...
John P.
Consolidated K1s and state income taxes
I have looked at several different real estate investment funds to possibly invest some money. I won't name names as I don't think it matters. For simplicity let's say they both invest in 5 states that do have state ...