Hello,

We are learning more of the in's and out's of depreciation, trying to decide how to handle depreciation on some properties.

Basically:
* Our AGI is past the point where we can deduct any passive loss carryo...

I believe I've seen people here mention that they use an S-Corp to flip. I asked my accountant and he said there was no tax advantage to this (vs. an LLC). So I was wondering what the rationale was for the S-Corp.

The end of the year is approaching, and tax preparation should be under way for most of us.

With the introduction of the tax reform bill, how has your tax strategy changed?

Question for tax professionals, is there ...

Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.

all,

i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????

Everything seems so volatile to me- variances on shadow inventory estimates, stock market up & down, lenders backtracking on loans, possible bulk sales by the gov't., job growth vs sustainable job/wage levels etc ...

Folks - the rates I am being quoted on an investment property in Memphis have seemed to gone up from 4.5 pct around 3 - 4 weeks back for a 20 pct down 30 yr to more than or around 5 pct. For 25 pct down it seems to be...

I usually answer, but now is my turn to ask.Dealers of residential lots are allowed to use installment sale method. If said dealer operates as an S-corp or partnership - reporting is fairly straightforward. But what i...

I am forming a 50/50 partnership LLC for flipping rehabbed properties. 1st question should I use myself or an llc for my 50% membership? 2nd question is taxes. Do we elect to do our own taxes (each member) at the en...

Hey Smart People!Our accountant from last year sent me an email a few days ago saying that there were changes to the capitalization regulations for real estate and that in order to take advantage of the new $2500 cap ...