I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material...
Assume that (in a given year) I'm a Real Estate Professional, and I've passed both the 750 hour test for my real estate activity and the 500 hour material participation test for a rental property I own and manage. Ass...
TL;DR: Atlanta has no freaking inventory and the prices are skyrocketing. There's no slowing down in sight. Homes are being built everywhere to accommodate Atlanta's positive net migrat...
Many activities associated with real estate have characteristics of both "investing" and "business". Certainly a passive investor in a real estate limited partnership is an investor. A real estate broker acting as a...
Hi all, I appreciate your help in advance on this extremely complicated topic.
My wife and I are trying to find out what exact details will count towards the 750 hours of "materially participating" in real es...
I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...
@Brandon Turner recently touched on the deduct-ability of travel when visiting your out of town properties on the podcast, so I thought I would chime in. You may deduct 100% of your transportation expenses only if y...
New to RE investing , can I claim taxes fees on RE mentor/coaching, including Real-Estate software system package as RE start up Business cost?
If you own rental real estate, there are three different ways to treat your rental losses depending on your status. One of these is "Real Estate Professional."
First, let's dispense with one myth: Real Estate Profes...
I searched a bit and could not find the answer to this. Is the 100hrs goal for materially participating per property or per portfolio? Thanks