Looking for accountant recommendations. I have a high W2 income and my wife will be a real estate professional this year. Looking for an accountant who has intimate knowledge of:1.how to best offset my W2 income2.ho...
I'm filing my 2017 tax as married jointly. I have 2 rental properties that are both making losses for 2017 due to deduction and cost of acquisition + rehab; we acquired both of them last year. I am using TurboTax to f...
Scenario:Sell a rental I've held for many years in an LLC. Net $250K1031 the $250K into my former primary residence which has been a rental for the past year, but lived in 2 of the past 5 as my primary res. I hold t...
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Although I owed a duplex as a primary residence in the past, I'm just now getting into multi-families as investment vehicles- mostly buy and hold for cash flow. My income is moderate, but combined with my wife's we re...
Real estate investing can be very complex and while there are many things for investors to keep track of and pay attention to, make sure you aren’t overlooking these 5 tax incentives! You could be missing out on tax c...
I want to start an llc but don't have a business set up yet. I was thinking about funding the llc with my wages from my w2 job.
Hi there, I currently hold a 401k through my employer which i contribute to weekly. Im looking to do a couple things here:-1. I already max out this 401K every year but want to put away MORE pre-tax dollars, can i set...
Hello, I am doing my taxes and I want to deduct the cost of my swimming pool. I rent out two rooms on my property where I also have my house which I live in full time. One room is in its own smaller building. The o...