Paul Post
Income Taxes Impact on Rental Property Evaluation
Greetings,I am using the BP Rental Calculator help me evaluate potential rental properties, and attempting to be as accurate as possible. I like the fact that it accounts for so many potential expenses. One big expe...
Jim T.
Overpaying State Income Tax and 1099-G
If one overpays the state income tax, they receive a 1099-G the following year for the refund amount. This makes sense since you were able to deduct all that was deducted rather than just what was ultimately owed. If...
Peter Amico
Taxes on Puerto Rico sourced rental income
Hello. I've searched the forums and can't find this answer. I'm about to buy a 4 plex in Puerto Rico. What is the tax rate on rental income sourced in pr to a person who has primary residence in Florida? Is there a fo...
Dean I.
Offsetting Flipping Taxes with Passive Rental Income?
So, I have read several books and posts on here concerning offsetting income tax with passive loses or depreciation from rental properties, but I am still a little unclear as to how that all works and if I can actuall...
John M.
Flip Income Tax help needed (and appreciated!)
Oh man how I hate doing taxes! Although I must admit that as I learn more and more, it does get a bit less intimidating. I've got pretty slim chances of getting an audience with a CPA this week so I hope one of you ...
Mike Scott-Smith
Managed Property Georgia Rental Income Tax Question
Hello Bigger Pockets Family,I have been away for a while for personal reasons. My wife and I need some help, hopefully from someone not a Georgia resident but owns rental property in the state of Georgia.We are looki...
Jonathan C.
Flipping as Active Income - Tax issue/Question
Hi All,I have read a lot of posts & books and even attended "Guru" seminars that all seems to make the same statement that a Flipper pays his/her profit as active income - in tax bracket of 30%(?) vs. 15% capital ...
Amine Kallala
DASH Act - Middle Income Housing Tax Credit
Hello- does anyone know more details about this? If it passes, would a property owner that builds an ADU on their property qualify for the middle income housing tax credit if they rent it to qualified tenants (those w...
Lam Le
Capital gain tax rate based on income
What is capital gain tax rate on sale of rental property? Is it based on income? My income is only 35K.
Carl Graff
Capital Tax when income less than 80K
Say we buy rental property and hold onto it for more than a year so it would be long term capital gain.And our filling jointly Income is around 50K.Would we qualify for 0% capital gain because we are in such a low tax...