Hi,I am going through Form 8996 required to be filed for a corporation to be considered for Opportunity Zone. I have a few questions on what it means for a property to be a "Qualified opportunity zone business propert...
Everyone has heard about the potential tax benefit of Opportunity Zones, but has anyone noticed the even greater potential when combined with bonus depreciation. Our tax counsel pointed this out to me, and I was wonde...
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
we started an airbnb business in 2018, and invested $90k on property and land improvements, and purchasing personal property for the airbnb. Some of these cost qualify for bonus depreciation. Since we started renting ...
Hello! I know there are a lot of topics on whether to report Airbnb income on schedule e or c but it still seems like a grey area still. Most resources say Schedule E however other resources say that if the average re...
I am trying to find a company that will sub-meter and bill for water in my small (12 units) townhome community. A Google search only came up with 2 or 3 companies some of which only deal in large multifamily propertie...
With Florida law highly limiting your ability to work as your own general contractor, does the BRRR, or any other similar rental strategy, allow you to avoid the cost of hiring a GC? As the Owner/Builder Disclosure st...
How do you know if IRS tags you as a dealer. Every information out there is only talking about the differences between a dealer and investor. No one is really talking about the actual process. How do you know your cur...
If you have ever used an AirBnB and are interested in investing in real estate, this post is for you! For individuals navigating the demands of a w2 job and grappling with substantial tax obligations, exploring the po...
I am planning to sell my SFH rental to exchange for MFH. However I have not yet settled on the exact type and location of the replacement properties. I have been looking from 3-4plx in over CA bay-area and Sacramentor...