Ann A.
Tax questions for Private Lender
Looking for tax related advice. If I lend money to a real estate investor friend, I would get a 1099-INT at the end of the year. Which would go as personal income in 1040. Is there any way of treating it as business i...
Vikram C.
Major Tax Deductions
I'd like this thread to be a place where we compile a list of the major tax deductions available to a real estate investor. Since I do flips, I do not get the benefit of depreciation, but here are a couple of good on...
Ryan Stover
Benefits of Investing in 0 Income Tax States?
I haven't found much direct info on the benefits of investing in properties located in states like Texas, Washington, and Nevada. I assume there must be positives even though I am a resident of CA.Would REI in these t...
Michael Kambic
Creating an entity to contribute to a 401(k)
Hello,I do real estate flips currently under my own name (I know lots of liability risk), but the up side is I pay capital gains tax at a lower rate then a pass through LLC.Can I create an LLC that has no income, so t...
Patrick Howe
Tax Season is upon us
I currently live in and own a three unit building in Chicago. With the rental income I still pay a few hundred dollars a month toward the mortgage/taxes/insurance. Looking for advice when it comes to filing my taxes. ...
Dakota Mivshek
Canadian Capital Partner for flips & investments - how to structure?!
Hi there. I have a quite ready & willing capital partner who is a Canadian citizen. Actually a small group of Canadians. If we were to partner in such a way that included them providing capital and our team doing ...
Ross Alcorn
In need of a real estate investing CPA
I currently work with a tax advisor and strategist but am looking for a CPA who can help around taxes. I currently am a W2 employee with 4 properties in my portfolio and looking to continue to purchase more. Need some...
Account Closed
Are SDHSAs the same as SDIRAs?
Some SDIRA custodians also offer SDHSAs. On the funding side, IRAs and HSAs are different animals. Retirement account (401Ks, IRAs) contributions must be made from earned income. HSAs, on the other hand, require on...
Anton Bachuk
Holding a flip long enough for avoid higher taxes in PA?
I am looking to get my feet wet in real estate and found a property that is in need of renovations in western PA. One thing I'm trying to figure out is just how quickly can I flip it. From what I understand any profit...
Dave Dyn
Roth IRA Contributions without earned income
Hi all. I'm new here and looking for potential advice on a Roth IRA situation.I am a graduate student on a fellowship stipend. This stipend is my only source of "income," and is not reported on a W-2, but the entire s...