I have an Airbnb that I bought in August of 2023.
Starting in January of 2024. I began to track my hours and where those hours went.
My understanding is that I can use the STR loophole to reduce my wife's taxable in...

I've previously found cost segregation studies to be highly beneficial, particularly as a strategy to offset taxable income from both my full-time employment and rental properties. These studies have enabled me to tak...

First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR fo...

I currently have an LLC with another partner. We generate income through web and mobile consulting services. Is there anyway to reinvest that income into real estate as that LLC? What I'd like to accomplish is to be a...

I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will det...

Here are some tips to mitigate capital gains on real estate sales:
Use the Primary Residence Exclusion: If you have lived in the property as your primary residence for at least 2 of the past 5 years, you may be eligi...

How can I file my taxes without taking a huge income loss from being self employed. I am applying for a home loan but now my income is reduced significantly from the way I filed. Is there a way to get around that to ...

Happy Holidays! As of today, the House and Senate have sent the GOP Tax Plan to the President to sign into law. I've seen numerous threads popping up about the GOP Tax Bill. I wanted to start a thread to consolidate q...

Company is getting purchased and all stock is getting cashed out. Payout will be over 100k and taxes will about 33% I believe based off married income. Are there any real estate strategies to help reduce the percent...

Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...