Charlie McMunn
Creative lending options
I’m a contractor in Pittsburgh and I’m looking to purchase an investment property for 60k that’s on the mls. I used depreciation to lower my tax burden for not only my rental property but for my business as well last ...
James Gould
Tax Strategies for Foreign Owner of US Real Estate
Situation: A foreign (non-resident alien) owner of US in situs real estate (two single family properties) wants to transfer the properties to their adult child, who is a US citizen. However, to my understanding, there...
Jim Basar
Property Taxes Spike
Hi All, First time posting to BiggerPockets. I own a single family primary residence and a rental property, both in Cleveland, OH. One in Tremont, the other in Ohio City. I've noticed that going into 2023 my propert...
Victoria Robertson
Market in Cleveland?
Hey everyone, I wanted to ask if anyone has thoughts about investing in the Cleveland area. My longtime boyfriend and I are looking to buy singlefamilies with good potential for sweat equity in the area, although we'r...
Ari Newman
Hive Mind- can you help structure the sale of this property?
We are getting ready to sell a single-family home that we've owned for less then one year. Our primary goal is to minimize the tax burden so that we can deploy as much of the gain from the sale into the purchase of n...
Aaron Smith
Trust --> C corp to a S Corp
I am currently working with the owner of a large mobile home park, and he would like to sell, but is worried about tax implications specifically due to the fact that he holds the property in a trust and changed the pr...
Kurt Defenbaugh
Realtor Tax shelter?
How can I create a tax structure that minimizes tax burden as a SEI? Is this even possible?
Andrew Caggiano
Carryover passive losses
Hi everyone,Our partnership files a 1065 for passive real estate income. In the past we've always reported passive losses on our real estate investing activity. This year (2022 tax return) we are reporting passive n...
Brian Versetti
LLC and Taxes with regards to rental property
Hello to all, I am relatively new to owning and renting out property so any help here will be much appreciated! I have rent that comes in for one part of my building and before too long I should have additional rent ...
Duncan Taylor
It's That Time Of Year Again - Tax Season
I'm curious to learn who here looks at income taxes they way I do.
I want to reduce my tax burden as much as I can but increase my tax liability as much as I can.
If that seems to be a conflicting posit...