Adam Frantz
Money Management for Tax purposes
I have been doing a lot of research lately on accounting. I plan to open a separate set of bank accounts for my investment properties (I currently have none): one checking for operational expenses, one savings for ten...
Bryce Bender
STR tax implications and mitigating tax impact
Hi all,I have been using my basement as an STR house hack for about 2 months, currently I'm only listing on AirBnB. It's done much better than I predicted (due to the summer months probably) and I want to ensure I hav...
Tom Sahar
Joint Venture Model
Hello BP.
As part of me and my partner plan to establish a Joint Venture with an investor, we are moving forward with purchase of a property in JV model.We would appreciate clarification on the following points:
1. ...
Sven D.
LLC impact on personal tax
Good morning,I'm looking at using a hardmoney lender on purchasing a home that I will use as a primary residence while I rent out the remaining rooms. Eventually I will sell the home. This hardmoney lender only loans ...
Rocco Swinney
bidden - real estate tax impacts?
hi all - i just received the email. im unclear on a few parts
1. it seems he wants to remove the 1031 - also if you make under 400k?
2. i see a reference online about also eliminating investors ability to offset the...
Will R.
CA - Tax impact - closing costs
Hello,I am looking to close on a home soon in California and it appears I will have the option to close in either 2018 and 2019. I think the only difference to me would be the tax implications with the closing costs. ...
Jeremy Segermeister
Minimize impact of appreciation - taxes
Hi All,Looking to get some advice on what I should take as my next steps.My wife and I purchased a new construction town home in the Bay Area 2 years ago for $1.15M, plus the builder allowed us to pay for upgrades in ...
Adam M Sommer
Property Managers Impact on Tax
I'm a newbie to STRs (I have LTRs) and looking to start in Branson (3 hours from home). I am debating self-managing vs using a PM, and am struggling to determine the tax impact of that decision.I know Sch E is where ...
Mark Tanner
Tax Question With Big Impact
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Mike Carstens
How do I enter the appreciation of value after a refi & cash out?
We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...