Grace C.
Depreciation tax deduction
So the tax code says that a rental property depreciates over 27.5 years, i.e. 3.64% a year. So does this mean that as a landlord, I dont pay tax until I make 3.64% x house price? And if I pay down 30%, it means that I...
Chris Bingham
No tax when selling if primary residence 2 of past 5 years?
I always believed that the rule was that if I owned and lived in a property as my primary residence for 2 of the past 5 years that when I sell it I would not need to worry about paying federal taxes on the gains if it...
Amby Bhagtani
Offset W2 with depreciation
For people who are on a W2 what would be the best way to negate W2 income (including stocks?)? Is this possible with long term multi family real estate?
Armand P.
How taxes are paid from a LLC
HelloI live in Bay Area and want to open up an LLC in Missouri with a few partners. My question becomes do the profits from real estate investments go into the LLC account first then get distributed after? Also, would...
Ryan Lamanna
Buys hosue to get depreciation and remodel in following year
We found a house we’d like to purchase to rent but we’re not confident that we could get top rent in its current condition. Regardless it could be ready and available to rent by year end. Can we cost seg and take bonu...
Jason Heath
Depreciation Recapture for rental property
I sold a rental property. Half-way through owning it, I realized that I had failed to begin depreciating it when I bought it, and I started depreciating it. Had I depreciated it from the beginning, I would have acco...
Lee Guo
Why is United States of American a defendant in sheriff sale?
I am learning about sheriff sale in Pittsburgh PA. In the sheriff sale list, there are a number of properties that are tax sales (Sci Fa sur Tax Lien, is the Sale Type) and United States of America is the defendant a...
James Kojo
How important is it to have an in-state CPA?
I'd be interested in hearing from both CPA's and Real Estate Investors on this topic.I'm conducting a search for a personal CPA who specializes in REI. I live in California, and I invest in multiple states. What are t...
Bryan Hancock
A Hilarious Animated Take On The Federal Reserve
I thought some of you may enjoy this:
Animated Take On The Federal Reserve
What is sad is that Fed policy is funny now...good times!
Nasson Raymond
Small Rental Investors might miss out on tax deduction?
Can Tax experts help to clarify this?
https://www.sfchronicle.com/business/networth/article/Small-real-estate-investors-might-miss-out-on-new-13181697.php?utm_campaign=email-premium&utm_source=CMS%20Sharing%20But...