Matt Willis
Income Tax on New York State LLC?
I'm looking at purchasing some sfr or small multi families in the western New York area. Does anyone know the income tax rate an LLC would pay in New York State? Besides being able to write off expenses, and deprecia...
Lisa Carpenter
Minimum 3x income - before of after taxes
Should a potential tenants minimum income be 3x the rent, before or after taxes?
Hannah Joy
Depreciable expenses vs rental revenue income tax
What is the magical ratio of one time capital expenditures to capture enough 100% depreciation to neutralize income taxes on rental revenue? I know it exists...If I buy one property a year and do extensive renovations...
Lijuan Wei
mortgage note interested income tax too high？
Sold my rental house owner financing last year. This year’s mortgage note interested income is $4312. After put it in turbo tax. 700was charged for federal and state tax together. Does that sound right? I feel like th...
Brian Dudash
How to estimate income tax for rentals?
Does anyone have any good resources, tips, or ideas on how to roughly calculate/estimate income tax on rental properties?I'm in the process of hopefully buying a rental very soon and while I have everything estimated ...
Mike Auguste
The Augusta Rule - Tax Free Rental Income
What is the Augusta Rule?
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax re...
Zac Johns
Income Tax on out of state rental
I live in TN and have several rental houses in TN. I have stayed out of Georgia, but we live right on the TN/GA line. We have found what we think is a great deal just over the border. I'm trying to research the p...
Rashid Khalil
Bonus depreciation to reduce w2 income tax
I and my wife are w2 employed and am in a high tax bracket. after 13 years of paying high taxes and living in the cave, I am now aware of this real estate investment/cost segregation/bonus depreciation, etc. so i have...
Anna Batchelor
How is VT STR income tax calculated?
I’m looking for some help understanding how my income from a VT STR is going to be calculated. I’m anticipating a 30k gross and 10k net income after expenses. Does the gross or net income get taxed? Since I’m only MAK...
Javier Gaillard
Federal and State Income Tax for Foreigners
As a foreigner what is the tax rate for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax.Can you get a ...