Patrick H.
Rental Income Impact on MAGI Question
Hello,I was wondering what is the impact of rental income on your modified adjusted gross income (MAGI)? Do you get to take all the deductions and depreciation from the rental income before it gets added in against y...
Nick Wiget
MAGI and Active Real Estate Losses
I'm trying to understand whether Active real estate losses (Real Estate Professional) lowers MAGI. My understanding is these active losses will lower Adjusted Gross Income (line 11 of a 1040) but there's some confusin...
Chris Herring
Tax Strategies When MAGI Exceeds $150,000
Hello, I'm a long time lurker but I believe this is my first post. While I have upcoming meetings with a real estate CPA, attorney, and a financial planner I want to reach out and see if anyone has some insight.My bu...
Erik H.
Cost of building in Bryson City / Maggie Valley
Hey everyone! My wife and I are very new to all this. We are looking to build a small (800-1000 sqft) STR / vacation home in the next 12-24 months. One of the places we are looking is in the Bryson City / Maggie Valle...
Michelle Baldwin
Short Term Rental Cabin in Maggie Valley, NC
Investment Info:
Single-family residence buy & hold investment in Maggie Valley.
Purchase price: $290,000
Cash invested: $58,000
Short Term Rental Cabin in Maggie Valley, NC with stunning mountai...
Michelle Baldwin
Short Term Rental Cabin in Maggie Valley, NC
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $290,000
Short Term Rental Cabin in Maggie Valley, NC with stunning mountain views, perched at 4200 ft elevation. Locat...
Andrea Rowell
Rental property loss and above MAGI limit
Hi, My husband and I are newbies to real estate investing. We purchased two condos out of state in February. We are going to do some upgrading and repairs which will result in a loss this year. Our MAGI is above...
Steve Legnaioli
Separating rental income to reduce Obamacare MAGI
I have a chance to rent out a large room for $2000 a month in my primary residence where I live (Key West prices). I am unemployed, my wife makes about $65,000 a year working, for our healthcare we are receiving Obama...
Joseph Franklyn McElroy
Motel in Maggie Valley, NC - Great Smoky Mountains National Park
Investment Info:
Other commercial investment investment.
Purchase price: $950,000
Cash invested: $350,000
Meadowlark Motel - family motel in tourist town Maggie Valley. Meadowlarkmotel.com - being r...
Paul B.
Small landlord exemption: always been $25K, up to $100K MAGI?
As the owner of a single rental property, I've been deducting rental losses every year, thanks to depreciation. I never thought much of it, because my W-2 income has always been well under the cap of $100,000 where it...