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Results (3212)
Andrew S. House hack/ live in flip tax optimization
4 December 2018 | 4 replies

Good morning BP,I'm currently living in a house hack duplex/ live in flip. I closed on the property 125k in August, put 10k to make my side 90% complete, then put 7k in the other half. I had my old roommates move in t...

Nathan Letourneau Year end purchase of equipment and tax implications
17 November 2017 | 2 replies

I am a fix and flip and buy and hold investor.  This year my fix and flip income was better than average and will bump my income into the next tax bracket.  I am thinking about purchasing a used skid steer and trailer...

Cole Sonner College Student House Hack
10 July 2020 | 2 replies

Hello BiggerPockets community! My name is Cole Sonner, and I am going into my second year of college at BGSU. I am studying finance and currently interning with a property management company in my college town. I am s...

Account Closed cash flow tax free?
12 May 2014 | 3 replies

i have a simple question about cash flow from rental properties and taxes. is cash flow considered income? Will i have to claim my cash flow as income and be taxed on it? 'm just a little confused about this.

Jeremy Keone Tax Deductible Limits
23 May 2019 | 14 replies

Aloha. 🤙🏾 Looking for advice and insight. Any help is much appreciated. Recently I have been exceeding the limit on tax deductions for my rental property business, when filing for my annual tax returns. Every year I d...

Maria A A. Calculating Net Proceeds needed to buy replacement property
26 April 2017 | 8 replies

Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exch...

Jason Coleman Investing in 401k/SEP IRA vs buying another rental annually
31 December 2020 | 7 replies

So my wife and I are torn on this question. We're both 33 years old and we have been maxing out her 401k at her w-2 job for a couple of years. That's great of course and I'm not complaining. However, if we just contri...

Sean Williams Quit-claiming from LLC to Personal - What Taxes Should I Expect?
25 September 2015 | 8 replies

Greetings BPers,This is a question directed more towards the accountant gurus of the crowd, or those with experience in this type of specific transaction...I have a situation where I'll be acquiring a property via a q...

Aashrit Luthra Negative Cash Flow Impact on W2 Income Taxes
26 June 2024 | 2 replies

Hi all. I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down. The rent I can expect is $3200. This would surely put me in negative cash flow o...

Casey S. 1031 as means to consolidate assets?
1 March 2017 | 4 replies

I've done a lot of reading and never seen this touched. Say I have four homes worth 100k each with 50k each in equity and 50k each in loans, giving me a total of 200k equity. Can I sell those four and exchange in to p...