Real estate investors should consider key tax aspects for financial optimization and compliance. Given potential tax law changes, consulting a professional is crucial. General considerations include:Income Taxes- Re...
I bought my first property in November of 2016 but did not have any income in 2016. Can I still claim my expenses? Trying to use H&R Block software but it will not let me enter 0 days rented in the interface so I ...
I'm brand new and I have a question that concerns taxes. If you have a corporation which allow you to deduct business expenses do you still have to go through the process of performing a 1031 exchange on your profits ...
I've calculated the tenant-occupied vs. owner-occupied ratio and understand that for expenses that are for shared areas, that ratio would be applied at tax time to deduct. However, if it's only for 6 months out of the...
So I understand the concept of depreciation - appreciating asset that degrades (“depreciates”) over 27.5 years so you get to take a loss on taxes. My question is: how is that depreciation number determined, specifical...
Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy, since the pro...
Hi All!
Looking for a knowledgeable CPA who's good with real estate tax advantages, specifically looking at STRs. Please let me know if you known someone qualified!
Thinking of cash out refinancing some existing rentals to buy more rentals instead of deploying capital on hand. That said I'm having a hard time finding deals due to low inventory. As I understand it once I cash out ...
How Real Estate Depreciation Deductions Can Supercharge Your Investments
Real estate, with its potential for passive income and property appreciation, is a favored choice for investors looking to build long-term weal...
I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...