I'm looking for some advice around cost segregation.I purchased a townhome in 2019 that has now been an LTR for two years. I purchased a separate townhome in 2021 that I am currently house hacking in and plan to turn ...

Upon last years annual trip to the accountant, our acct. recommended investigating rental property. I was whining about how much of my businesses profits are eaten in taxes (I am self employed). He said several of...

Hoping you tax strategists can help me think through this…I am the owner of a business and the only member in a separate LLC that owns the building.I am in a position to be able to decide how much rent the business te...

Never complete a 1031 exchange, looking for help near by. (Amesbury MA)SituationMy 3 family has an accepted offer of $660,000 (pending bank approval)I paid $380,00 and owe $336,000.I have 56,000 in depreciation that ...

Hi All,I currently only have one rental property, an SFR in Texas, that I've had rented for a few years now. When I put the property into service, I began to depreciate the property under the MACRS General Depreciatio...

Hey everyone. I'm new to BiggerPockets and something that has caught my attention is wholesaling. While poking around in some of the forums, I came across this: here. Which showcases the tax implications of doing whol...

For those of you in the flipping business.  Can I pay myself for work done on a flip?  I am looking for tax write offs to help reduce capital gains for profits made on a flip purchased in late 2016- and sold in early ...

Hey All,Wanted to touch base on a few topics that are not typically discussed in relation to components of a RE syndication deal and how this impacts things from the standpoint of the LP in relation to such factors as...

When is it correct to maximize rental income reported on our SCHEDULE E (Form 1040) for additional mortgage qualifications?For example, an investor already has a few preforming rentals purchased last year. Now that ...

Good morning dear BP members,

I am analyzing the below rental property deal in Florida:

Purchase Price : $ 50,000 (including closing, cleanup & rehab costs)

Amount Invested : $ 10,0...