Good day – I hope everyone is having a great weekend – I have a question I am sure some folks here have run into previously.Disclaimer here – I am pretty new to BP and have been enjoying searching around and getting f...

Do both spouses need to obtain real estate professional status to receive the tax benefit?

I borrowed out of my 401k to start a business but it didn't pan out . Any suggestions? Thanks in advance

This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income. There is some confusion about material participation ...

I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.What circustances...

I was wondering if anybody knows if it is possible to partner with your self-directed IRA so that the IRA provides the down payment for a purchase and then you secure a loan with your own credit/income?Thanks!!

I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:
Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostl...

Hello, Anyone has experience using REPS status via their wife or husband to offset W-2?  MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...

My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...

Hello, first post from a new member! I recently formed a single member LLC through the state of Texas to use as a vehicle to buy and hold passive income streams. I have a few existing interests in multifamily and comm...