Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make X a year. You ...
Jr Trotta
Retirement Funds OR Real Estate Investing
Good evening BP! I would like to throw this out there and listen to the feedback! I am curious to see what you would do if you were in my position!Currently I have 2 savings accounts. My first account is at the bank i...
Henry Li
S corp for Real Estate Agent
I have watched a youtube video that the CPA talked about forming a S corp and dump real estate agent commission into the S corp and pay less tax etc etc. my Question is, for most real estate agents, they are not the o...
Tyler Bilinovic
How important is getting an account for tax purposes when entering long term rentals
I have just acquired my first two long term rental properties this year and am looking to take advantage of the tax benefits. How important is it to get with CPA to assist with tax benefits. I have spoke with my paren...
James V Sciales
My CPA is very vague.. is this normal???
Hello I am a young entrepreneur. This year I have done pretty well and am blessed and burdened to have quite a tax bill coming in April of 18 looking to be around 40k When asking my CPA what I can do with the money to...
Fred Kahn
Is using Turbo Tax ok for rental properties
I have 2 rentals and do use a CPA for my tax returns. Is it possible to save some money using Turbo Tax? Thanks
Maria Johnson
Bonus Depreciation/Cost segregation for 2022 and 2023
I am a real estate professional and my spouse has a regular job that makes most of the money (w-2), he makes about 300K and sometimes gets bonuses.I plan to buy 2 properties in 2022 as short term rentals and 2 condos ...
Richard C.
Showing proof of income?
Hey all,I have newbie question here. When trying to get a loan/mortgage for a property I'm assuming they will ask you for income proof or tax returns to see how much you're making and what can you qualify for, etc. My...
Account Closed
Taxes
How much money could we save in federal taxes if buying a larger house with higher property tax? Will it offset a higher mortage payment at all? We live pretty inexpensively right now for our income. How do we figure ...
Jamie H.
How to maximize retirement savings
My husband and I are hoping to maximize our retirement savings this year and need some strategy help. I currently have a 403b through work. There is no match from the company. I currently fund it myself at a total of ...