Justin Hroch
Potential Taxes on Seller Financing
Hi,I have an opportunity to purchase a few duplexes via seller financing. I am in the process of conversations with the seller and I want to show them some of the benefits of an arrangement like this. My question is c...
Brandon Stanley
Tax question about out of state of inherited property
Hello!I am in the process of doing my taxes and I am currently just using Turbo Tax (not the best, I know, but I have been struggling to find a good CPA). In 2022 I inherited a property with my brother. We sold it bel...
Johnny Smith
Best way to take advantage of tax losses when you make over 150.
So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property. I can carry them forward, but it doesn't reduce my actual gross i...
Joe Kamenar
Profit/Loss Allocation for Multi-Member LLC that Holds Property
Suppose you have an LLC that has as it purpose to own a vacation property, where one member is the main investor and one member is the main user and partial investor? The "user" member will both rent out the property ...
Oleg Malkin
Carryforward losses if rental converted to primary
Greetings! Here is a scenario: I bought a third rental, placed it in service, and it is expected to have have significant repairs in 2021 that will likely lead to passive losses that will be carried forward into the f...
Chris S.
Help With Taxes on Sale of Two-Family
I've read a lot about how taxes are calculated and i'm wondering if someone can review to see if i'm on right track. Thinking of selling two family and want to get everything figured out. Original Cost + Improvement...
Jonah S.
Rental loss carryover vs depreciation question
Hey all,
I have been doing some learning about tax implications for owning rental properties and I had a question.
Its my understanding that you can carry over net operating losses from year to year basically indefi...
Sateesh Kumar
Passive losses advantageous for Roth conversion?
Hello
i have a traditional 401k from old employer it has little over 100k, I would like to move it to an SDIRA or Solo 401k to make some alternative investments. I also have some passive losses for this year due to a...
Nick B.
Final K-1 and TurboTax
Do we have CPAs familiar with K-1 forms and TurboTax? I got a final K-1 from one of my investments (it sold in 2018) and don't know how to figure out my basis and sales price from the information provided on that and ...
Pratik Sheth
Moving from SFR to Syndication Tax Benefits
I am new to Apartment Syndications. Trying to get ideas on how can I efficiently join with 1031 in place or should I avoid 1031 with TIC. Background: Selling my SFR in Austin Investment Property and thinking to put mo...