Amy Gardner
Income too high for real estate deductions?
Hello,My CPA recently told me that the $50k we spend last year can not lower our tax burden because I have too high an income? Something seems to be missing here...I have never heard of this on any of the podcasts (I ...
Lana Lee
Rent your primary home from your own business entity?
Not sure if I picked the right category for posting my question. But I recently heard of an idea of renting your primary home from your own business entity. Let's say I want to buy a new house to live in, can I set up...
John Smith
Down (3.5% v. 10%) PMI, Liquidity, Gains, Taxes, Projections
Have been reading forums & listening to podcast for over a year. Focused on cash flow & so on multi-families in part because of Bigger Pockets. Bought our 1st property last spring ($94,000 3-unit, using conven...
Kevin Van Ness
Pass Through Income
I have several rental properties but have never formed an LLC. With the new tax law coming I keep hearing about the pass through income for LLCs. I am wondering how I am currently taxed on the profits I make from my...
Derek Smith
Rent my primary residence to myself.
Hello everyone, Ever since the new tax laws went into place where you have to be uber rich in order to write off your mortgage interest. I've been trying to think of ways to move my mortgage to my investment propertie...
April Conaway
Just starting out - question about taxes and depreciation
My dad and I are partnering up to buy some rentals. He already owns 2 small SFRs and a 4-unit apartment. We found a bundle of 6 SFR and are currently under contract. We are both contributing 50% of the down payment. W...
Doug Caminita
American Real Estate Investments LLC
Hello - I'm looking for some information on turnkey investing, specifically regarding American Real Estate Investments LLC. I currently own a duplex that has been rehabbed, rented and put under property management. I ...
Mina G.
Maximum Property Tax Deduction of 10k?
I have 2 properties, each property has about $10,000 in real estate tax per year (Lovely NJ). Is there any loopholes to deduct the full amount of property tax that I pay? Both properties are under my name. (With conve...
Aaron Hunt
Are you #itemized in 2018?
How many BPers were able to make money moves in 2018, and stay itemized with the new tax laws and higher standard deductions going into effect?What were your big moves of 2018 which made sure it would happen?
Matt Dabek
section 179 vehicle and tax benefits
I need to change my old SUV that I used 100% for business and I have a couple of questions that I need answer on before I will make my decision.I base my thoughts on fact that president signs $500,000 section 179 dedu...