Harold Gontz
Mortgage Interest/ownership question
I have a mortgage on another investors property. In exchange I have a mortgage note and receive 25% of net earnings. How do I list this for taxes? Schedule B for mortgage income or earned income?
Kurt Defenbaugh
Realtor Tax shelter?
How can I create a tax structure that minimizes tax burden as a SEI? Is this even possible?
Travis Elliott
BUSINESS OWNER AND REAL ESTATE INVESTOR TAX HELP
So I left my CPA's office today feeling a little down. I thought that I had some legal loopholes that would help my business out using Real Estate.
Here is the scenario: I have two commercial buildings. One h...
Michael Forbes
Roth IRA/401k withdrawal for REI - Need Tax Help
Hi All - I am 31 years old and found a duplex with a lot of upside but it has to be a cash purchase. I want to pull money from my Roth IRA but want to do it correctly so I don't get hit with taxes and penalties. I am ...
Priyanka K.
Year End Tax Question
Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...
Ryan Deasy
Designating yourself as a real estate professional
If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
Davidson Francois
What’s the purpose of an LLC???
I’m still learning the financing part of the real estate business but can anyone help me understand the llc aspect of real estate? What’s the person of having a llc when from my understanding you won’t be able to appl...
Steve Maye
Taxes on Rental Income
I am moving out of state. The state I will move to has a 6.5% income tax. I will have a rental unit in my home state of Tennessee. Can I assume the rental income I receive will be taxable in my new state of residen...
Amy Yarnall
Refi, putting equity in SDIRA, buying real estate & FAFSA
We own a rental with $100k in equity. It is worth $220 and provides $400 per month cash flow income after mortgage, expenses, etc.We are also preparing to pay for college costs starting in 2020. If we were to refinan...
JR Haseloff
Anyone used Zeus Auctions software yet? (TaxLienCert auctions)
Just wondering if anyone has purchased Tax Lien Certificates through the new Zeus Auction software yet. (https://www.zeusauction.com)I'm used to the COUNTY.realtaxlien.com software where you put in bids and don't kno...