Rocco Swinney
Married and cant writeoff rentals anymore?
Hi All!
I am getting married next year and I am trying to ensure all is in order. I always writeoff my rental losses each year
Ex. I make 80k and she makes 80k
My understanding is if your agi is under 100k you can ...
Brian Morissey
Tax Q's: Selling Rental Property at 50K loss
Hi,I am considering selling my rental property which I purchased for $380k 11 years ago and currently has a market value of $330k. I am not breaking even on the rent, hence rather sell. I am married with combined yea...
Mike Schorah
Should I Flip Houses Or Should I Buy A Multifamily Or BRRRR?
Half of my family works in residential construction. Flipping houses seems ideal since I worked in home improvements for 5 years, including owning a construction company as a general contractor at one point.
I never ...
Rj Sayler
Significant Net Operating Loss effects on Underwriting
If in 2023 I take a large loss on my properties while a renovate them, but they start cash flowing in 2024. Would there be negative impacts from a underwriting perspective?
Edward Stephens
Limited Partner (LP) write offs in syndications?
Hi BP! I am a real estate broker and also owner of my own rental properties. I recently invested in a multifamily syndication and received a K1. My CPA has instructed me that the depreciation I take from that parti...
Stephen Thomas
How do I lower my W2 income?
HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...
Mike Landry
Tax question on loss carryforward, sched E vs D
Hey guys. I'm at a slight disagreement with my cpa and wanted to gather opinions. Is Schedule D ever used for passive real estate losses carried forward? Does it have any affect.I'll make up an example.I have $5,000...
Arty Fresh
Two questions on reducing taxes
So today I stumble upon something new that you the reader of this post probably learned years ago. I burn some time on YouTube watching videos on paying less taxes.One popular real estate youtuber grant Cardone says d...
Shuo Li
How to minimize income tax?
Hello BiggerPockets.I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.The issue (a g...
Christina Kable
Tax Accountant Recommendations
Hi all,
We run a successful small business in Maryland and of course with that success comes a huge tax bill. This past year I have become very interested in the real estate investing world as a way to help offset ou...