Here is a scenario I would like some Intel on from somebody more educated on the topic than myself.W2 Employee in the 35% tax bracket, purchased an apartment complex in 2019 for $2.5mm under and LLC. You value add the...

Is a 2 BDR, 2.5 Bath two story condo worthy of a cost segregation study? if so,  what is a ballpark cost estimate

I have invested in a few syndication deals in the last few years, and three of them are ending or have ended this year. How are the final distributions taxed? Assuming there's depreciation recapture, will the deprecia...

I am starting to expand my portfolio in real estate, I currently have a primary residence, a duplex, and closing on a SFH rental soon. I also want to invest in equity and futures market as well. Does anyone have any e...

I'm wondering if anyone can recommend at good CPA in the Philadelphia or Delaware County area? Also I never actually worked with a CPA so are there any specific questions that I should ask to make sure they are a good...

My wife and I bought our second rental property last fall - a 4-plex. I’ve been hearing about taking the bonus  depreciation and while it sounds like it would be a great strategy if we were full-time real estate profe...

Hey BP,Purchasing a 2nd home with 2nd home mortgage, but using the home as a STR. 1. Can I use depreciation of the home to offset rental income gains? 2.How do I take advantage of tax deductions if purchased as a 2nd ...

I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:
Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostl...

I have received conflicting information and would like some BP input. I have been told that you can carry a loss back two years on an amended Federal 1040 and recover previously paid tax, but the same loss on your Cal...

Earnings too high to claim passive losses?
so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time emp...