Wes Selman
Long Term Tenant- Homestead Exemption
Is there a way to structure a scenario where a long term tenant of a single family home can receive homestead exemption? Is there a way to do that?Thank You.
Rick Richard
How to use real estate to offset some of the tax hit on a private equity payout
Hi, my wife is expecting a K1 equity payout this year. Can we use our current investment propeties or purchase another investment property purchase to at least slightly offset the tax hit?
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Andrew Katz
What year do I count income for?
My tenant paid a portion of their rent for December on 12/31/24 (late). I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?
Slawek Jakubowski
K-1 loss (box 2) vs capital gain from sale of investment property
Hello everyone,I sold my investment property last year and realized a capital gain. I also invested in a syndication for which I received my first K-1, where box 2 shows a net rental real estate loss. Can I use that ...
Sydney Guzman
Can I require a tenant to professionally clean/steam clean (PA)?
In Pennsylvania, can I legally put a clause in the lease agreement requiring the tenant(s) to professionally clean the unit and steam clean the carpets before vacating, regardless of condition, as part of the lease? I...
Leon Meytin
syndication tax question
I was hoping to clarify something, can someone correct me if i am incorrect?
This example was taken from a previous post, but it was several years old so i though I would post it here
Let's say they invested $100...
John Casmon
Do You Get Gifts from Tenants?
Came home from a holiday trip to find a gift package and early rent from my 1st floor tenant. As she's my neighbor in addition to being my tenant, I took this as more of a "neighborly" act than a "tenant" act. However...
Account Closed
Handwritten vs Typed w/ Business Info
I'm having trouble deciding what type of mailing to send out. I've listed the pros and cons of both below, but ultimately it depends on my target which is where my confusion lies.(Feel free to add to this list)Handwri...
Mary Jay
How to calculate state taxes on a rental in California
Hi Guys,
If we received 36 k as a rent on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...