Bo Goebel
Tax Deductions in Syndications
If you buy into a large syndication, are you offered all applicable tax deductions in a prorated way? E.g. you invest $10,000 into an apartment complex that cost 5 mil. You have 1% equity on the property. Are you goin...
Gehmelle Johnson
Quickbooks Online Accounting System-suggestions for book keeping for collecting rent
Hi!
I am a landlord located in the DMV (District of Columbia, Maryland, Virginia) area. I have been in the landlord business since 2011 and began using Quickbooks around 2018 for securing rent payments and book keepi...
Wayne M.
IRA for rental property
I am thinking about an SD IRA for the purchase of a rental property and my question is, I know that all of the rent payment goes back into the IRA but once it is paid off does the payment continue to go into the IRA o...
Jon Dorsey
Tax Mitigation Strategy when forming Partnership
Looking for advice on how to structure a deal to minimize tax consequences for my partner. I am partnering up with another person who just wants to bring money to the deal. All they ask for is equity appreciation down...
Danielle Davis
Cost Segregation to Reduce High Taxable Income
My husband and I are both doctors and have high six figure income from our practices. However, most of our income comes from managing other doctors working for us rather than us personally working clinically in our of...
Rowena A.
Carryover Losses from Multifamily Syndications
Am I wrong???In 2021, I invested in multifamily syndications while maintaining non-real estate professional status. Subsequently, in 2022, I transitioned to full-time real estate activities and am now eligible to clai...
Bill Mitchell
How to spend money you EARN in an LLC
I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?
You can't commingle funds, so how do you spend the money y...
Jackie P.
Losses on Tax Return Hurting New Residential Mortgage
So I'm blown away that after 20+ days of a mortgage lender having my tax returns (with schedule E losses), they now come back to me and tell me that I do not qualify for a new personal residential mortgage because ...
Karim Hafez
Exemptions on sale of a jointly owned/occupied primary residence
I have read through read Voss v. CIR, the memorandum for Inspections of Sections 469(g) and 121, scoured the web, and have attempted to find an attorney/CPA with no luck to help me answer a the question stated below:I...
Avi Garg
FSBO a leveraged SFH in SDIRA?
This was my first property in Baytown, TX which I bought using funds in SD-IRA and took a non-recourse loan on it as well. Its rented out for $1400 (lease was renewed for another year in March), professionally managed...