I am not clear about the tax benefits of purchasing and owning rental property investment homes.
Do we lose money to pay taxes when tax time comes or do we generally get some money back?
Quick question.. below is the new proposed GOP 20% deduction for pass through businesses. Is this like a standard deduction? or a cap? So, I have a S-Corp that is a pass through so if I make $100k income and $50k ...
On a property that I was wholesaling I just got the most ridiculous offer.....The guy offered to give me a partial down payment of10k. (Im thinking okay sweet.) He was then going to attempt to get a heloc on the prope...
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
hi everyone, does anyone have actual real experience in investing in real estate through self directed IRAs?
My great uncle was a multi-millionaire who took his own life roughly 20 years ago. He left all living family members individual trust funds/retirement accounts conservatively invested in some sort of mutual fund. For ...
Am looking to move a rental property from my name to an LLC, but am trying to figure out if the passive losses that have been incurred (but not taken and carried over due to salary limitations) move with the property ...
Hey everyone! Hoping for some insight on a complicated issue. My fiance and I have been travel nurses for the last 3.5 years. We lived, went to school and maintain our residency in the state of Kentucky. We have wo...
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Bear With Me...And Please Forgive My Tax Maze Ignorance
My understanding is that the basis of investments is stepped up at the death of individuals who execute transactions in a tax-efficient manner. For instance, t...