Michell Chase
Passing single member LLC with RE assets along in the event of my death...
Morbid question here...but at a certain age we thing "What happens to my assets when I die?". ... as I own my RE portfolio via my single member LLC is there a process that I can setup wherein the event of my death tha...
Jimmy Bell
Can someone please explain
First, depreciation is a short-term benefit. It puts extra money in your pocket every year while you own the property. But, when a property is sold, previous depreciation deductions taken from the property will have...
Pawel Bronski
Cap Tax Gain exemption
I’m working out off market deal with seller that is worry about capital tax gain (NY). However his odd situation might plays on his favor.. some background: He owns the place since 1990 (bought for $14k). Lived at the...
Mark Allen
Incorporating a trading business
After years of time spent on research, I've gotten to the point where I'm considering quitting my day job and taking up trading as a career, and I'm looking into options for reducing my taxable income. Some relatives...
Sheila Campbell
Taxes On Rental Property
2020 I rented my 1st single family property. I'm getting a tax professional but I'm just wondering what are some of the tax benefits? Thanks &Happy New Years!
Bette Hochberger
Two Essential Tax-Saving Strategies in Real Estate Investing
Hello all! I recently got a message regarding some tax strategies in real estate investing. With a decade of experience as a CPA specializing in real estate, I wanted to share two tax-saving tools that can immensely b...
Lucas Zaichek
How do assessments and property taxes work?
I am looking to buy a multi family property, however, the price that we would buy it for is ~$150k higher than the assessed value. The numbers still work with decent cash flow numbers. My question is, if we buy the pr...
Joshua Knapp
Tax Deduction Question
To take expense deductions for 2020 on a new property being used as a b/b such as appliances, furniture etc, does the receipt need to be dated in 2020 or can it be dated up until filing deadline of 4/15/2021?
Paulina Purnama
3 Plex in historic area
Hi guys, I'm interested in a 3 plex close to the downtown area I'm in. Lots of old houses but the surrounding area is going through a re build and lots of historic houses in town. It is a older SFH that was converte...
Rashid Khalil
tax advantage with STR
if I take bonus depreciation on STR against my w2 income to reduce tax burden, can the property later be rented as long term in future years?