Debbie C.
Taxes on Joint Owners' Rental Income
My husband and I co-own an investment property with our daughter which we are now renting out to tenants. My husband and I have also mortgage on this property. Our daughter’s name is not on the mortgage even though sh...
Bruce P. Bellott
Need taxable income to pursue househacking?
Hello all! For the past three years or so I have been very interested in doing a house hack. I am in college and just starting my junior year. I have around 20 -25k to invest into a house hack in Lafayette, Louisiana....
Bily Elliott
Best way to hold title on investment property
I suppose I may just bite the bullet and schedule a meeting with a real estate attorney and tax person, but I am really considering getting a home equity loan on my current home to pay cash for a duplex. I currently ...
Alex Xu
Can I use my investment property to operate a business?
Stupid question? Maybe...I'm in the process of buying an investment property (single-family). I plan to open a business using this property. Can I create an LLC for the business and rent the property to my business? I...
Esmeralda Garcia
Childcare in Rental Property a liability?
I just found out my tenant has a daycare or babysitting business in my rental. So is getting them to get additional insurance for any accidents good enough to cover me against damages or accidents or do I need to just...
Robbie Bletscher
Property seller wants to avoid reportable income
Hello Bigger Pockets Community! I’m in the process of purchasing a small property with the intent to build a rental. The owners are retired and want to structure the deal to ensure that the amount paid to them is not ...
Martingale Kim
out of state rental income state reporting
I'm a MD resident and have rental income in Philadelphia, do I need to file and pay PA state income tax and get refund for the PA tax from MD state tax?
Stephanie Barthelemy
CPAs: Reporting rental income on owner occupied
What are the rules around reporting rental income in Baltimore, MD on a property that I occupy as my primary residence and collect rent from two tenants?
Jason Malabute
national apartment association income and expense report
Does anyone know how I can get the average expense per unit for apartments under 50 units built between 1960-2002 in a B or C+ markets in Indianapolis and kansas city from the national apartment association?
Nicholas Glatter
Taxes & Rental Income what to report?
Hey everyone.I’ve been reporting my rental income for the past year now so no issue there.But, my mortgage is 2700 and the rent charged to the tenant is 3250. Do I report the entire amount $3250 as income or just the ...