Getting conflicting information on this subject. Both husband & wife on W2 income w/ one rental property.Does creating a LLC help with a lowered tax rate for the rental income? Very sparse information on this subj...

Hi fellow investors -
I recently conducted two cost segregation studies on my rental properties.  I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or h...

So I am trying to think ahead here. I will be making my first purchase as hopefully a house hack next summer. I was looking for opinions on whether or not I should find and talk to a rei CPA and lawyer as the new year...

Let's chat! How have you leveraged cost segregation studies to accelerate depreciation and increase cash flow on your real estate investments?

Almost every person I deal with wants to only provide proforma numbers of their best case scenario with no capex or vacancy built in. I ask for schedule E and they claim the have only owned the property for 2 years. O...

Hi all, Last year was the first time I started flipping houses.. on one of my houses I took a pretty hefty loss after selling it and was curious what avenue I take (what form/schedule...) that I utilize to file for cl...

As the title mentioned, I created an LLC in August 2022 to be ready to purchase properties when it comes up. I haven't acquired a property yet, so there's no money coming in. (I created an LLC in MA and OH as I was to...

I have 9 rental homes which I have been entering seperately on parts A,B & C of three different pages of Schedule E on my Income Taxes. Expenses which are exclusive to a particular house are listed for that house...

Hi all,I've been reading through Real Estate By The Numbers by J Scott and Dave Meyers. It's really thorough and a great read so far!I'm caught up on their breakdown of NOI. They say Net Income = Operating Income - Ta...

This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...