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Results (10000)
Don Spafford Tax Returns : Business Income - At Risk
5 March 2018 | 4 replies

So if I have a tax loss due to depreciation, etc., when I get asked on the tax software if the Business Investment is at risk, what is the correct answer? Is it All at Risk, Some at risk, or N/A? I have a hard time an...

Larry Flanagan Fringe benefits to reduce income taxes
24 March 2016 | 9 replies

I got a $65,000 income tax bill today.  Is there any way my business can provide me with some deductible fringe benefits like a company car, health club membership, life insurance, etc?

Teresia Sayler tax treatment for lease option income
7 January 2019 | 28 replies

What is the tax treatment for the different income streams from Lease Options?  Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"?  Can the monthly income be "rental i...

David Chow How to shelter income being taxed?
18 February 2015 | 9 replies

Hi. I'm new to the forum and would like to see if anyone has info on how to shelter income from being taxed? This is a hypothetical question since I have not started the purchase of a multi family unit yet. My tax guy...

Tim Walsh Income tax shelter in primary home
20 July 2016 | 5 replies

I have been reading up on not having to pay tax on gains from a investment property if you use those gains to buy more property.

Is that still true if you take the gains and put them into paying down your primary h...

Rada Vassil 2014 and 2015 Income Tax Brackets
14 January 2015 | 6 replies

Here are the income tax brackets for 2014 and 2015 (from Bankrate). The same six tax rates still apply, but the income that falls into each in 2015 is adjusted for inflation.http://www.biggerpockets.com/blogs/5881/blo...

George P. (income tax question) Active vs. Passive
16 March 2011 | 30 replies

My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?

Jewel Trowell Real Estate Investor Income Tax CPA
12 February 2020 | 1 reply

Hello everybody, Is there any income tax preparers in the Lexington, SC area that is investor friendly/knowledgeable that you would recommend?Thanks,Jewel

Frank D'Amato Passive income: tax liens vs rentals
2 June 2014 | 10 replies

I an a newish investor and new to BP. My question:

In looking to build passive income. . . why would I choose a rental over a tax lien? I'm here in Kentucky, and the interest return rate is 12%. Which is wha...

Ryan Lowe Tax Strategies for High Income Professional
22 December 2023 | 10 replies

Hi - I am a new investor starting to invest in long term rental properties. I am a high income W-2 earner based in NYC. What tax strategies do folks recommend? This will be a passive investment.