Ray Slack
Question New GOP Tax Bill on 20% income deduction 4 passthrough
Quick question.. below is the new proposed GOP 20% deduction for pass through businesses. Is this like a standard deduction? or a cap? So, I have a S-Corp that is a pass through so if I make $100k income and $50k ...
Ali Hashemi
Limiting tax exposure
This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...
James Quillen
Repair / Maintenance Tools
I've bought a property and I'm getting it ready to rent. I have not publicized it as available, so I'm not operating under the safe havens.
How are hand tools deducted (if at all)? While I understand major equipment ...
Mimi Takele
Ne RE investor
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?
Account Closed
Attention Oil and Gas Folks: Investment Opportunity or Scam?
Totally out of my depth on this and interested to learn more. I have an opportunity to invest in the Working Interest through a Participation Agreement on an oil and gas "development". However, no drilling is requir...
Francis Van Steen
Hot market and a great SFH opportunity need strategy advice.
I am currently renting a 3 bedroom 1.5 bathroom house in the Silicon valley from my father in law for about 60% of the market rent for similar properties in the area. My father in law does not want to be in the landlo...
Trevor Tso
Need advice renting to retired parents
I bought a second home as primary residence and would like to move my parents there (so they can help out for my child care and I can help them with $, they are little tight).
How can I get the most tax benef...
Derek Persuit
Ready to quit job, but Health Insurance?!?
Happy Quarantine Everyone,
I hope you all are able to do what you can in these hard times.
Im ready to take the leap sometime in the near future. The leap is quitting the corporate job and pursuing real estate full...
Account Closed
Cost Segregation Study
I got a call the other day from a cost segregation firm. He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. This is due to taking advantage of bonus depreciati...
John K.
Paying Taxes within calendar year with closing
Tax question - Closed on a property mid-year in 2015 (buy and hold), HUD-1 gives the credit for property taxes payable for mid-year tax estimate from seller. Example:HUD-1 Property Tax Credit: $3000Taxes during my own...