1) Depreciation Carryover - Let's hypothetically say I have $100K in salary so that I qualify for $25K in passive activity loss deductions. In 2012, I take a $30K net loss from real estate operations. My understanding...
Hello BPers,I am hacking my primary res SFH. It has an non-conforming basement unit that I am renting out. I am claiming that revenue as taxable income and am wondering if I am able to also claim a percentage of all o...
I am a new, confused investor that bought four single family turnkey homes in 2016. I had a CPA do my taxes and am not clear about the tax advantages of owning SFHs. I do not qualify as a real estate professional.1. D...
In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...
Can't take the credit, was searching for tips on tax breaks for Landlords and happened upon this link - http://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497.html
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If one were to invest in a new syndication every year to offset the depreciation recapture against the previous investment, as I've seen referred to as "layering" or "stacking" syndications. What happens if the invest...
What kind of insurance do you need on your rental properties?
how do you do your taxes when you have income from rental properties?
Hi,
My husband and I are closing on our first multi unit house next month in Rochester, NY. It is a two unit house and we will live in one unit. I am shopping around for home owners insurance and want to make sure th...
I expect to close on my first deal. It is an MLS purchase, that I plan to rehab. How do I make sure I have the right insurance?
Hi,
I have a SFH1 (4bed/2bath) in which I live with my partner and kid and occupy fully. I also have another SFH2 (4bed/2bath) 20 miles away. In SFH2, I rent a couple of rooms out and keep the rest for my personal us...