Brendan Hula
Manufactured Housing Community - Depreciation
Hello BP Community!I am working to acquire a portfolio of manufactured housing communities and have a few questions regarding depreciation I was hoping to find answers to or be pointed in the right direction. My quest...
Nathan H.
Complicated Capital Loss/Gain Question for all of the tax wizzes on here
Hello BP!I'm trying to file 2022 (I know, I'm late) and I have a question on flexibility in deciding when I can use capital losses. I want to take advantage of the 0% LTCG rate up to 90k-ish MFJ + standard deduction, ...
Alex Murkes
Tax implications of buying property at the end of December?
I just closed on my first investment property on Dec 22, but had no rent or expenses in that year.Until now I've always used TurboTax, my situation has been simple (W-2s, interest and brokerage 1099s) but I plan to fi...
Katherine Nguyen
Refinance + Buying an Investment Property
Hi all!I’ve been a long time lurker and I have to say, I’ve really enjoyed the community here! Anyway, I’m interested in buying an investment home out of state. I have a few questions regarding financing that I’m a ta...
Elaine Chua
Lawful Deduction on Tenant Security Deposit
I have inquiring when it is lawful to deduct the security deposit from a tenant?Our tenant had decided to terminate her lease with 5 months left to fulfil. She gave us 30 days notice due to last minute work relocation...
Riley Schaefer
Cost Segregation Study for SFRs
Has anyone ever done a cost segregation study for a portfolio of SFRs? Is it worth it, and if so, in what circumstances?I will likely be making more in the next 5 years than I will after that as I plan to partially r...
Julio Gonzalez
The Home Office Deduction
The tax deadline is just around the corner and you want to be sure you don’t miss out on the Home Office Deduction! While you may not see a huge tax deduction like you would with cost segregation, energy credits, bonu...
Joseph M.
Are there any tax implications to pulling out equity?
Are there any tax implications if you get a line of credit or refinance to pull cash out of a property to invest in another? From my understanding, pulling out cash through a refinance would have tax implications. Can...
Scott Hurst
recapture of depreciation in an IRA
I've been told that the IRS requires you to depreciate a residential rental even if it is in an IRA but you do not get to take the deduction. And, I'm told that you recapture the depreciation at 25% when you sell the ...
Matt Devincenzo
Choosing a tax preparer for multi state investors
I was in the military last year(2012), and recently got out so some important aspects of my residency status will be changing and I'm trying to prepare for those early.
I'm originally from FL and invest there, and b...