Tara G.
Cash-out mortgage to invest abroad- Tax implications?
We have a paid off rental home held in an LLC that we have a business LoC against (which can be converted to a fixed cash-out mortgage). We are looking to invest the proceeds in real estate abroad. Can we deduct mortg...
Amby Bhagtani
Depreciation against W2 - Income
Hello, I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? Thanks, Amby
James Galla
SALT Deduction Limit
So, with the §164 SALT deduction limit at $10k, is there a business restructure workaround for scenarios where you have multiple properties with high aggregate property tax exceeding that $10k cap? Is it not something...
David Melvin
Tax implications for using your primary residence to fund an investment vs loan?
We own our primary residence free and clear (do not have a mortgage on it) therefore we have equity in it and are wondering if we should do a cash out refinance to fund an investment property (versus getting an invest...
Daryl Berrman
marajuana and grew plants indoor /nonsmoke clause how much charge
2 Naturiopath Doctors leased a home from me for 18 months upon moving out we discovered black air filters, also they had large structures used to grow indoors a few times complaints about marajuana smell was noted in ...
Danny Ondik
How to maximize tax returns for rental properties?
Hello All,This is my first year owning rental properties and was fortunate to buy 2 small properties. What should I be doing throughout the year to best maximize my tax returns each year? Any tips, advice, things to k...
Nicole Bernshaw
Is education cost a tax deductible business expense?
I just joined BiggerPockets. In my previous life, I was a biotech researcher. Then, I worked for a tax company for 10 seasons until I retired from the workforce. I do not have all the answers to tax questions, though,...
Thomas C.
469(i) offset and calculating MAGI
I've searched the site (forum, blogs, etc.) but can't find a straightforward answer to my question. Does anyone have any experience calculating MAGI, specifically for determining 469(i) offset? My question is, do I s...
N/A N/A
Accelerated Depreciation? Anyone?
Hello all, my name is Andrew Bitler. I am a small real estate investor with big problems. I recently joined a bunch of forums because there is an important issue I need to investigate. I am utterly confused about a ce...
Charlie Moore
Question about tenant and using security deposit for rent
Should you ever use security deposit for rent??!!??? - Tenant left the house at the end of the leasing term and ultimately owed me 250.00 in back rent and fees..He is Now bugging me and Texting me for his security dep...