By understanding how investors perceive gains and losses, as well as their sensitivity to different framing and reference points, you can effectively communicate the potential benefits and manage the perceived risks, ...
Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
This is my first post here, so hello everyone! I am looking to make my second buy & rehab real estate investment this year and excited to be part of this community. Here's my question.I have some short-term reali...
Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...
I am in the process of selling two vacant residential lots that will result in a long term gain of about $120k total. I do have a passive loss carryover from last year for a self storage investment. Can I use that los...
Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...
I sold a rental recently and will have a sizable tax hit at the end of the year. I do not have any taxable stocks to sell at a loss to offset the capital gains. I’m still looking into solar panels for the primary hous...
Hi my name is Kyle, First time poster long time reader.
I have a question I would run past my accountant but not sure if its a dump question or not.
I have been in R.E. investing since 2007. I have a few rental pro...
I just got my first K-1 from a multi-family syndication and want to understand it. This is the actual K-1 with real numbers and only personally identifying elements have been removed. I'm going to describe what I th...