Hi! I have W2 income and my wife works on and off at retails. We have 3 rentals that both names are in title. Those 3 properties are under my own LLC, and my wife is NOT in LLC or she does not have her own LLC either....

Where can I find what activities count for qualifying for a real estate professional designation?  TIA

I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:

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Hey everyone, hoping to get some insight from this group regarding the RE Professional Tax benefit.
I see lots of articles claiming that I should be able to deduct rental losses against my husband’s W-2 income if I c...

Hi BP

I am running through some scenarios for a first rental property which will be out of state using a PM.

The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...

I am considering hiring a property management company for a rental but I've heard that, in doing so, the rental income will be classified as a passive investment for me. My worry is that I would not be able to write m...

Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...

Has anyone successfully filed an tax return as a Real Estate Professional while managing a purely NNN portfolio?
If so, what activities did you document to prove that you materially participated in active managememt?

Is there a way to sell the fully depreciated free-n-clear rental property and minimize the tax liability? Except for 1031 exchange - are there any loopholes?
Maybe if the seller finances the purchase, the tax liabil...

I presently invest in multi family properties in PA. I look for properties, buy and hand over to a property manager for day to day management. I spend considerable amount of time setting rents for new leases, renewals...