Does any body knows, What is a passive investment opportunities?
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Greetings all!I recently got into the real estate world after beginning to listen to Bigger Podcasts during the Spring of 2016. I immediately started buying books and pouring through them to gain knowledge, but I know...
Can you still be considered a real estate professional while using a management company for AirBnB? I want to use the losses to offset my W2 income. Thanks
If you have a rental and set up an S-corp that will take 100% of the profits from the rental (can you do this to begin with? to avoid self-employment tax), and the S-corp's income will pass over to you, can you still ...
Hello! I know there are a lot of topics on whether to report Airbnb income on schedule e or c but it still seems like a grey area still. Most resources say Schedule E however other resources say that if the average re...
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
This is my first year to try furnished rentals and want to be prepared for the tax man. Who pays self-employment tax? What qualifies for passive income? Has anyone looked into furnished rental income? Is it passive? ...
This rookie has grown his real estate portfolio to seven properties, $5,000 in monthly cash flow, and over $1 million in total equity in just SIX years. His strategy isn’t flashy or sexy, but it’s highly repeatable. E...