I invested 50K in a syndicate. They used cost seggregation and put 50K as losses in year 1. This showed up in box2 of K1. My CPA put that as loss in my tax return and carried it over.Next year they sold the property ...
I have an investment property in an LLC acquired through a 1031 exchange. Should I decide to demo the property in 4 years and rebuild, can I do a cost segregation analysis and use it as a primary residence or will the...
I am currently working as a Texas Notary Public, loan signing agent, and as such have already established an LLC for tax purposes. I am wondering if I need to set up a new LLC for Real Estate investing or can I use my...
I came across this article today. The circumstances are a little unusual and I thought I would throw it out there for some discussion.
http://tarrytown.patch.com/articles/sleepy-hollow-landlord-seeks-to-evict-80-y...
There are all types of real estate investors. Some that love to be actively involved and others that prefer the "real estate" asset class, but don't have the time to commit to it. I started off as an active real estat...
Hello BP Nation:I have a clogged sewer line issue in a rental property as there are roots growing in the pipes. There is big tree near by in the front yard!! ( I hate trees :( )!!The plumber did a rodding job and foun...
Seems frivolous and my attorney agrees so I'm not all that worried about it.
Basically a homeowner that had(chose) to replace a heating system not long after she bought the place.
Looks like they are just throwing stu...
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
I have some questions pertaining to "seasoning" and the viability of my "buy and hold" plan.
I have researched the forums extensively, reading everything that I can find on "seasoning", especially as it rela...