Jose Contreras
Tax benefits from RE investing in high income earners.
Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...
William Graham Bourn
Active Duty Military Investor- Looking to connect and help other investors
Good morning all,I am currently on active duty and have been actively investing for the past 2 years. The strategies I have utilized are VA house hacks, VA primary residences into LTRs, and now I fix and flip houses r...
Anna Stolpe
Depreciation can not be deducted?
Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...
Bradley Pitts
Rental Business: Active vs Passive Income
Hi,I think I understand the difference between active and passive income. Passive income applies to most small landlords/owners as they collect rent from tenants. This also applies to investors who collect interest or...
Dean I.
Offsetting Flipping Taxes with Passive Rental Income?
So, I have read several books and posts on here concerning offsetting income tax with passive loses or depreciation from rental properties, but I am still a little unclear as to how that all works and if I can actuall...
Ping G.
Can rental loss be used to deduct agent commission in LLC?
Hello,Really appreciate advice on the two question below:1. I currently own a LLC with my husband, which has an rental property. I just became a real estate agent. Can I Can I perform real estate agent activities unde...
Dolly Caswell
Getting conflicting info about tax deductions for my rentals
I've read some marvelous advice here about a variety of topics, so I'm going to ask this question that is puzzling me about the tax deductibility of my rental expenses.I've been told that I can't deduct expenses due t...
Mitch Kronowit
Mixing Passive and non-Passive income?
I already have an e-mail into my attorney/CPA with this question (so don't bother telling me to check with one), but while he's answering the 80 or so e-mails before mine, I thought I'd post this question here to get ...
Po Hsiao
Can i switch from active participation to not active
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.I have placed a couple of properties in service in 2019 and will have a loss that c...
Mark Silberman
Classify as active or passive for optimal tax benefits?
My spouse and I own rental properties. Our longstanding property investments had passive loss carryovers from the earlier years that are now going down each year due to passive profits. (The rental market is very stro...