Marcos Ortiz
Tax Benefits With Real Estate Investing
I am starting my REI journey in Oklahoma City,OK and interested in learning more about tax benefits specifically for investment properties acquired under an LLC. I've put together a list of questions and appreciate a...
Arnaud Petel
Use of tax deductions on your personal income
Hi all,I am starting my real estate investment journey and am trying to understand the impact of tax deductions. Based on my calculations my first rental property will not be profitable from a tax standpoint after all...
Sean Stack
New business expenses deductible against w2 tax?
I formed an LLC for a home building business in 2022. It took a while to get things lined up but I'm finally getting the ball rolling here at the end of 2023. I just closed on a vacant lot, and am starting to get thin...
Jeff Ronningen
Tax Treatment: Capital vs OpEx
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.
Michael Plaks
EXPLAINED: I started REI in 2021, what expenses can I deduct?
Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...
Rebecca Cramer
"Schedule E" HELP for tax illiterate newbie!! :)
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...
Wai Chan
20% pass through deduction for rental income
If me and wife own a piece of rental property (joint tenants and not under any LLC), does it consider as pass through entity? When we file tax jointly next year, can we claim the 20% pass through deduction for the ren...
Jonathan L Berhow-Rivera
Tax Guidance? I am like a sponge, with my first property rehabed
Does anyone know where I can find a checklist of what is deductible when being a buy and hold investor? I m looking for any guidance that is out there to start getting documents, reciepts and invoices inline.
Jose Soto
When can I begin tracking my expenses for tex deductions?
My wife and I are beginning our real estate investment venture. We're in the process of acquiring our first rental property and we want to take full advantage of deductions related to our business.Do we need to own th...
Charles H.
Costs of DD and marketing before your first deal
Hello BP community,
I am about to buy a bunch of lists for mass off marking leads. This will cost a little bit as well as the cost of postal services etc.
I also use Parley2.0 that cost 300$.
Additionally, I drive a...