I can't deduct depreciation of rental SFR as I does not qualify as "active" real estate investor because I have full time day job and SFR rental is only part-time.When I sell this rental SFR, I recapture depreciation ...
I just spent most of this month spending money to get my business up and running. I filed it as a DBA for right now and will upgrade it to an LLC when I start producing income.
I accumulated a couple $1,000 in initi...
Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances". The following year, I used the ...
Hello AllSince recently, I have been considering to make an investment in real estate debt type crowdfunding deals.However i have one question. From my rental properties i have accumulated passive losses from last yea...
Hey everyone, My name is Brian. I am fairly new to the BP community and have been overwhelmed by the amount of resources that this page has for young investors like myself. I currently own one single family home that ...
Sorry if this was asked; I searched and didn't find a similar thread.I know depreciation recapture is not taxed for OZF investments held > 10 years. What about the properties sold to acquire an OZF? If I sell my fo...
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
I have decided to move on from the family accountant who has little background in real estate. I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings. I would classify ...
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
we are selling a property (rental for past 7 years) and need some guidance on how to calculate Capital gain and depreciation. Property was purchased for 210.000+closing costs (about 3.000) in 2001. In 2011 it was conv...