Reid Isaki
have carry over losses forgot to file form 6198
I looked at filing an amended return but it doesn't really have any line items for carry over losses from rental property from the previous year. I know I needed to file a 8582 and a 6198 but only filed the 8582. Is ...
Neerav Patel
Tenant is asking for discount in rent for damages due to water
Hi all,In past whenever I had questions, I always turn to BP and it always is helpful, so asking one more question.I am a new landlord and yesterday at 8.30 pm tenant reported that there is about 2 inch of water in ba...
Jeff L.
What insurance will cover the staging furnitures?
The staging company I am using for my first flip dont have insurance. and on the contract it states if anything stolen, I will have to pay for them.
My questions is any insurance company will cover the staging furni...
Payman A.
Capital Gains/Dep Recapture If Not Above 2nd Tax Bracket
Hi all. So after looking through pages of previous posts/replies, I did not find a topic that covers my exact question so I'm submitting this one.Can someone please clarify how capital gains and depreciation recaptur...
Shane Woodman
Tax question. I did not benefit?
Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:"And what I suspected did happen related to the rental. Your income was too hig...
Beenna Han
Seller refusing to give prorated rent and tenant security deposit
So I purchased a multi family unit that has an existing tenant in Maryland. I closed the purchase deal on late May, and soon after the closing I realized that the settlement did not include prorated rent (around $300)...
Account Closed
My process for Estimating Rehab costs!
Hey Everyone,I wanted to discuss rehab. It's a major part of RE investing and it is something every investor needs to be familiar with. You always want to know at least a general knowledge of each part of investing so...
James Galla
SALT Deduction Limit
So, with the §164 SALT deduction limit at $10k, is there a business restructure workaround for scenarios where you have multiple properties with high aggregate property tax exceeding that $10k cap? Is it not something...
Nathan Eberly
Focus on Timing
From my research, and item that can quickly cut into potential profit is carrying costs. Whether it is interest from loans, taxes, insurance, or the like, being aware of these costs is important, and timing from clos...
Joshua Zdunich
Closed on my first BRRRR, Questions about financing
Hello everyone! I am new to BiggerPockets and Real Estate. This is my first post, so please forgive any newbie mistakes but feel free to give me constructive criticism. My prop story...
This is my first property. ...