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Hello everyone,
My question is about the pros and cons of investing in an opportunity zones. Could someone sprinkle a little bit on this topic?
Thank you so much in advance.
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Hi all,I recently got my first deal under contract, it is a SFR in St. Louis that will be held as a rental producing positive cash flow. I was wondering what some of the tax deductions I will be able to take are. I ...
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Hi friends! I am finally getting to my 2018 taxes and we bought our first short term vacation rental property in 2018. We have receipts galore and trying to fill out our "schedule E" and I have a lot of questions. Our...
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The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act as an innovative approach to spurring long-term private sector investments in low-income urban and rural communities nationwide....
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Hi everyone,I purchased a house with cash for $100K in 2014. I spent another $50K to remodel this house. Do I need to report the following to the IRS on my 2014 tax returns?:(1) Purchase of this house for $100K(2) Ano...
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In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties? I know of singl...
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Hello! newbie here, what a great forum with lots of info!
So long story short, I've been looking into buying a rental property.
Found a property that looked promising but nowhere near 50/2 rule.
Not really showing muc...
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I'm struggling with interpreting the QBI rules and was hoping to get some comments on if there is any correlation to Solo K properties.We actively "manage" residential rentals we personally own and others held in trus...
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Anyone familiar with the SHST (Safe Harbor for Small Taxpayers) - any insight here would be very much appreciated. Thank you!!1) I understand the safe harbor to be the lessor of $10k or 2% of the unadjusted basis of t...
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I've seen several different ways to calculate the value of a commercial building. I believe that it's more based on rents versus looking for comps (like on single family residences). My questions are1) Is there one me...