What is an umbrella policy for rental homes? Should I go LLC

Hello everyone, I have a question in what sort of activities that can qualify me as a real estate professional.

I have a few rental properties and my rental income is my only income. I only spend about 2-3 hours p...

Hello BP!I'm trying to file 2022 (I know, I'm late) and I have a question on flexibility in deciding when I can use capital losses. I want to take advantage of the 0% LTCG rate up to 90k-ish MFJ + standard deduction, ...

Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...

I have a day job and i am planning to buy a new primary residence by renting out my current residence.
Questions:
 I will get rental income of $36,000 and expenses of $44,000 (Includes mortgage insurance, property ...

Hi-
I have been doing my own taxes and the last few years, I have noticed that none of my passive loss on rental properties can be deducted from my tax because I am not a real estate professional base on the IRS ru...

Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...

Hi there, I am seriously considering buying an investment property in Michigan north east of Detroit. I am wondering if I put the cash flow from the investment property into my children's MESP 529 account can I reduce...

Hi,If I have income and losses from different real estate activities (e.g rental loss and trust deed income), can the loss from rental business be offset against the income from trust deeds? If that matters, lets assu...

The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...