Asim G.
Using passive losses from syndication (K-1) to offset income from other SFR rentals
Hello,Can I use bonus depreciation losses from apartment syndication (form K1) to offset income from income-producing single-family rentals? I own 4 SFRs and have an opportunity to invest in a syndication deal with 60...
Logan Allec
Question for CPAs
Hi--I'm a little rusty on these rules so please help me out--let's say that you and I form a partnership. Let's assume the partnership agreement works out such that I will be allocated 90% of the partnership income, ...
Buddy Holmes
Georgia Non Resident Long Term Capital Gains
I am selling a home in Georgia as a non Resident.I am told a 3% of Cap Gaines will be with held for the GA IRS.I read that GA Capital Gaines tax is 6% and they seems to be no Long term/short term differential.I unders...
Carl Graff
Passive Loss Carry Over Reduce IRA distributions
OK just found out we (my wife and I) have about 65K in passive loss carry over going forward. So being retired with 2 rental incomes that break even or only generate a little income we will not be able to apply much i...
Edna Salinas
Better year 1 paper-losss tax benefit, MHP vs Storage syndication?
Wondering which class assets syndication provide the better tax benefit, ie paper-loss in year 1. I'd like to offset my capital gain tax but not wanting to do 1031. Mobile Home vs Storage vs MF for that specific pur...
Steven Anderson
Lot purchased to build personal residence but later sold
In 2016 we bought a lot to build our personal residence. In 2017, we decided to build elsewhere and bought a different lot. We now have a contract to sell the original lot and it will close in January 2018 for 34% mo...
Pierce Lovesee
Equity on the books after the property sale, can I deduct this?
Hello,We sold some properties in Oklahoma in 2019 at a loss. The properties were held under a single member LLC. After the transactions were complete, since the properties were sold at a loss and a positive net oper...
Matt Tallent
What is my tax loss good for?
Hey all,2018 was my first year investing and I took a loss on my first property because there were repairs and upgrades I wanted to make. I’m taking a loss for 2018 and want to know what the loss is good for. I’ve hea...
David Egan
$25,000 loss, tax cap?
I just came from my CPA's office where I was informed that there was a $25k loss limit for write-offs for a rental property. I Have spent the past year and $70k repairing and remodeling a 4-plex I bought in Jan 2016. ...
Josh Cochran
Western Wealth Capital: What do you know about them?
They have a new offering as of 2/27/2019What do you know about them?Have you invested with them in the past? What was your experience?
Thanks in advance.