Kenneth Moerschel
NY Resident & Consultant who owns Rental Property in Maryland
I live in NY and have my taxes as a NY Resident. but Bought a property in Maryland. Can i deduct all my expenses for this property on schedule E for example and use the loss to reduce my taxable income? Does anyone ...
Jonathan Bryan
How to account for insurance claim proceeds
I had a fire in one of my properties, and I have received the check from my insurer to pay for the repairs. How do I account for these proceeds in my books? It's not really taxable income (if I use it for the repair...
Michael Bertsch
Casualty loss on rental property
Several months ago we had a bad storm come through and the roof was damaged on my rental property. The total cost was about $4k to replace. My insurance claim covered part of the cost. I paid $2800 out of pocket. So, ...
Jim Madden
Rental Losses to offset Taxes owed from IRA Withdrawal
I withdrew money from my IRA and it will be taxed as ordinary income. Can I use Rental property losses to offset the taxes owed from this withdrawal when I file my taxes?
Jason Frink
Out of state investing tax benefits.
Hi BP Family,I live in California and am about to start investing out of state. I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so t...
Paul Ryan
Depreciation recapture/taxes on a syndication investment
Hi all - I have a question on depreciation recapture as it relates to syndications and calculating after-tax returns as an LP (I am mainly thinking about multi-family here). As I understand it, an LP will have to pay...
Dillon Dull
Write offs/expenses VS. Remaining profitable
So I have been thinking about this for some time. It seems like everyone tries to do everything in their power to increase their expenses and write-offs in order to not show any income to pay taxes on for their busine...
Isaiah Cuellar
Buy and hold tax benefits?
What are all of the possible tax deductions when claiming a rental property? And assuming I have a rental property paid off, and I have a W-2 job, do I save money on both taxes? Or one or the other? Also is there any ...
Brendan Prendergast
real estate investing for high income earner?
hello all. first post here. I am interested in getting into the real estate investing world and have a few introductory questions. Unlike many of you, I have no interest in doing this full time (at least not until ...
Buddy Holmes
offset of property sale gains with passive RE losses
I have a tax question about passive RE losses and LTCG's from sale of passive RE investments.Specifically this year I have a small cash out of a 1031 exchange of DST'S (Delaware Statutory Trust).I have net passive los...