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Results (7415)
Scott French K1 Loss with Standard Deduction
30 August 2013 | 1 reply

I have an LLC with 2 partners, which holds a multifamily property. I have no dependents/mortgage/student debt/etc. so I am still under the standard deduction.

My question is, what happens to the K1 loss that...

David V. Deducting passive RE losses from nonbusines income (salary)
16 April 2020 | 8 replies

Can I deduct passive RE losses from nonbusiness income??  I was not aware of this.  Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...

Tri Le Question regarding income from rent
3 May 2017 | 4 replies

Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...

Michael Meegan BiggerBuckets - (2) to be exact!
1 February 2023 | 3 replies

If you get your REPS by materially participating more than half your time in real estate than your passive activity losses can offset your non-passive income, but how is it possible to acquire any non-passive income i...

Zeb B. Tax Loss Harvesting Implications on Mortgage Qualifications
10 January 2023 | 2 replies

I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...

Erik Bood 1031 Boot, Cost Segregation and how to lower taxes
12 March 2023 | 1 reply

Situation: In 2022 I sold an 8 unit complex and did a 1031 into another 8 unit complex and I wasn't able to fully use my 1031 funds. I knew it wasn't ideal for this to happen but I was only willing to purchase a prope...

Lisa Gardner Is there a scenario where investing in RE offsets other taxes?
6 January 2017 | 6 replies

Is there a way to use investing in real estate to help offset someone's taxes? The scenario is a single member LLC filing as an S Corp. The tax burden is high, and I was wondering-if funding were not an issue-is there...

Brody Veilleux Loss Harvesting in Real Estate
26 November 2024 | 5 replies

I’m aware of loss harvesting when it comes to stocks, bonds, etf’s, etc. but how can this occur with real estate? Can I sell a capital loss on my stocks to offset rental income? I’m very interested in how this all tie...

Scott Trench Cryptocurrency Taxes Example - Double Whammy?
24 August 2022 | 1 reply

I have a question about cryptocurrency and tax implications. 
Suppose I am paid $10,000 for a job or service I perform and receive the amount in Bitcoin. 
I understand that I need to treat the $10,000 in bitcoin as ...

Valentine Sviatocha using realestate as tax reduction strategy
27 October 2021 | 3 replies

Hi everyone, 
Thank you in advance for the replies. I have been learning and listening about realestate investing for some time now and have questions about how real-estate can be used to reduce taxable income. Lets ...