I am beginning to prepare for filing my taxes. I have not kept a good record of my hours. I have a full time job, but I feel like I've easily surpassed the 750 hour mark on my rentals and I probably have more like 10...
Hello,According to NOLO's Tax Deduction Guide, the waters are somewhat murky when determining whether a rental property owner is a "business" or "investor." I own one out-of-state single family residence that has ten...
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Do you need a certain type of license in order to start doing property management? I am in the North Dakota and Minnesota area.
Hi y'all. I'm about to leave my W2 position and basically be a full time professional real estate investor. I am super sold on the benefits of rolling over my 401k into a Solo 401k and then buying rentals with it.
My...
There is a difference and a different approach that passive and active investors should take when performing due diligence. After 23 years buying and selling real estate, 18 years owning and operating a passive, turnk...
Longtime lurker, first post. Thanks to the BiggerPockets community for all the invaluable advice -- it's helped me personally and professionally for many years.
Here's my question: This year my wages at my non-real...
Does any body knows, What is a passive investment opportunities?
Hello All,A question for my fellow canadians. In Ontario income from property that is owned in a corporation is classed as passive income which is taxed at almost 50%!!!!!!!!!!!While small businesses are classed as ac...
For short term rentals, do you think it's best to go with Schedule c or Schedule e when filing your taxes? I can't seem to get a clear guideline between these two. For the EY guidebook, it appears that C is when you p...