Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Justin S.
How would you invest 50k?
With so many ways to invest, how would you invest 50k? All into one deal? For multiple deals? Retirement fund? My ultimate goal is to build a rental portfolio. I'd like to build up to 10k a month In cash flow and...
Kyler Pace
Getting a property out of a Self Directed IRA
I've been reading up on using self directed IRA's to finance real estate, and I haven't found an answer to this question. Once you buy a property in a SDIRA is there any way to get that property out of the IRA and sti...
Spencer Fuller
House Hacking, Section 121 Exclusion, & 1031 Exchange
Hello,I would like to understand how the section 121 exclusion and 1031 exchange could be applied to a 3 bedroom condo that I own. I lived in the condo as a primary residence for two and a half years, so therefore qua...
Tyler Small
Ratio of Labor Cost to Material Cost
I know overall costs vary widely depending on where you are in the country, but it seems like ratios would stay pretty much the same. I may be incorrect about that, so if I am, please let me know.
I just finished ...
Jon Klaus
Managing properties held by your self-directed IRA
Can you manage properties held by your self-directed IRA? Assuming you do none of the hands on work? Same question for managing the rehab.
What if your SD IRA owns part of the property but you provide property man...
Khoa Ha
Beneficiary bid on foreclosure sale
Hi BP,I recently went to a foreclosure sale and witnessed a beneficiary put a bid way above the starting price. I do not have a lot more information about this. Just wondering what could this possibly mean. Sorry for ...
Nick Lawler
Rental Income Taxes
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
John McAuley
FICA covered by W2, so does S Corp really buy me much?
Hey Everyone,I am mainly a buy and hold investor and have purchased our first 6 properties over the past 5 months. I had not intended to flip any but am now considering that given the huge equity we have in them. Th...
Juan Rodriguez
House Hack Form 8829
Hello everyone,I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I bought my ...