Kay March
Schedule D Worksheet, line 15, $38,600 if single
On line 15 of the worksheet for Schedule D the taxpayer enters $38,600 if single or married filing separately or larger amounts if married or head of household. Is this a deduction from your capital gains under certai...
Robin Cornacchio
Self Directed IRA retirement question
I currently have a home that I purchased outwrite using my self directed IRA. The home is currently owned by my IRA LLC. Once I turn 59.5, can I transfer the house deed into my name directly since I'd be retirement ag...
Ilse Martinez
Refinancing and pulling cash-out from Rental to payoff my Primary
Hello,Since the new tax rules I've been considering refinancing and pulling out cash from my rental to payoff my primary home so I can claim a higher interest rate on schedule E and benefiting by reporting a loss on m...
Samuel Lema
Approximating Profit From Sale of Home
I'm creating an excel sheet for calculating Buy&Hold similar to the bigger pockets calc with some extra stuff. I'm currently having trouble with creating an equation for the estimated profit after the sale of the ...
Jason Schlafke
Help! How to set up the tax structure
Hi, We currently manage a few vacation rentals on Airbnb in both CA and NV, (3 in CA and 2 in NV), and we're acquiring a hotel in CA right now. We live in NV.I did some research about setting up LLC/c-corps but still ...
Miguel Ochoa
Cash out old 410K/IRA
Hello All,
Looking to see if someone has been in this position or made a similar choice and what your opinions are. I currently have about $300k in a IRA $100K is Roth so I would not pay taxes on that amount. I hav...
Aidan Wong
Cost segregation tax write off when STR is not generating positive cash flow yet
Hello, I have a short term rental which has not generated positive cash flow yet and I have been managing it actively more than 100 hours this year and qualify as an active participant. I am not a licensed real estate...
Louis D.
Follow up to Overcoming the Idea That Paying Off Mortgages Is A G
I get the security of having a home paid for. So here for my example we have a person with a business in the 20-25% tax bracket. Business makes 100K profit for the year OR the company invests the 100k in real estate p...
Kenia Crevoisier
You can deduct charitable donations even if you do not itemize
Hi BP members. I am CPA that specializes I real estate and international tax. I am also an aspiring real estate investor I hope to connect with other RE investors and share some of my tax knowledge with you all. I’d l...
Jesse Dahms
Optimizing investment strategy to increase paper losses?
Current Situation: My wife and I have been slowly getting into REI over the last 4 years. We currently have 5 SFH long-term rentals and a short term rental.Up until 2022 we both had W2 jobs, but we just had our first ...