I found a deal that I am a bit reluctant to take, but have reasons particular to me that make it attractive.
With a modest estimate it should yield an ROI of just over 20%, but in order to get it I would have to use...
Hi there friends.
I've purchased my first property late last year.
My only income was months rent Dec.
So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc.
About $...
I have two rentals along with primary residence in San Diego,CA. Now the rental income is increasing my tax burden as an income. Any strategies i can use to reduce this rental income and building more assets on the wa...
Good day Everyone,I am a professional in tech, my wife is a realtorI bought the house last year and incurred a net loss. When I filed taxes using turbo tax, I filed Schedule E but there was no form 8582 which is to d...
Hey all,I will be extending an offer tonight for a multi-family home that I would be living in. It is a two family home; I will live in one unit and rent out the other. I am trying to get a full understanding of the e...
Hi, my husband and I are 2 members of an LLC (treated as a partnership). We decided that it's easier to buy a rental property using cash instead of trying to find a mortgage under the LLC name. We have some cash sav...
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Hi all,This year, my fiancé and I bought and moved into a house, and started renting out the old house. The old house is in just my name (the new house is in both our names). Both our names are on the lease as the lan...
... if the IRA runs out of funds to cover those expenses or pay for required repairs, etc. Example:IRA starting: $200,000Purchase property: $180,000IRA remaining: $20,000Repairs needed before being able to rent/lease ...
I recently purchased a 5 acre parcel at a tax sale in Pierce county, WA. On it is an unfinished 4200 sq ft home. It is completely framed and sided, the well and septic are installed. The framing was done in 2008 and ...