Has anyone recently taken advantage of 100% bonus depreciation through a cost seg study to avoid having to do a 1031 on a large commercial property ($1MM+)? If so can you please message me or post about your experienc...
Hello! So glad to to have found this resource! I look forward to learning and hopefully sharing some experiences as i go! I am just starting to get my feet wet! I have been doing lots of research and am trying to ...
As your Portfolio grows and evolves, so too do your insurance needs. Many investors start with a variety of insurance carriers to manage different properties. While this approach works in the early stages, there comes...
Hi all! I had a question when I started doing taxes for my rental property for the year 2019. The unit was rented for the entire year. So here's the scenario.Total income from rental = $10,000Expense (including repair...
Hi all - are you able to benefit from the mortgage interest deduction on an owner-occupied multi (2-4 units) as well as offsets for your W-2 income? Any other way to maximize in the current year as opposed to rolling...
Hi,
I have couple of rental properties which currently generate losses (because of depreciation etc).
My accountant is telling me that I cannot deduct losses from my income because I make more then 150k at m...
Hi Everyone, I am new to investing in rental properties as I mostly build and sell and I have a question about showing a loss or breaking even on my income tax return. Let me give you some background. I'm building a ...
I am a buy and hold investor and I have been in acquisition phase where I am buying properties and fixing them up and renting them out. In the process, i am accumulating a lot of passive losses every year. Without con...
Let me preface this by saying I have already emailed the same question to my tax guy, but wanted to ask here as well. I am considering selling one of my rentals to the current tenants. This property used to be my prim...
I’d like to get feedback on a strategy I want to pursue. I work in Silicon Valley and make well into the maximum tax bracket. I wanted to pursue REI both as a way to invest extra money (already maxed all other tax adv...