Erick M.
Moving Rental into LLC
Have a few questions for those more experienced on here and would appreciate any advice. I've been renting out a SFH for about a year now. Currently have a tenant who will sign a new year lease in about a month. Have ...
Blair Murphy
Not cash flowing after 3 years
If you had a 4-Plex for a little over 3 years and it had 1 decent year of cash flow but hasn't cash flowed since last September and is appraised at over $100K more than when you bought it...would you sell it if a real...
Mike M.
Tax time - schedule C realtor with no income
Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years. I have a full time w2 job in Commercial Real Estate but have my real estate licen...
Navid A.
Tax deductions under Schedule E (i.e Home Office)
BP,
Lots of ambiguous info out there regarding these tax matters (to be expected). If I have 6 rental properties, all under a single-member LLC, is it worth exploring the option of listing income on schedule C and t...
George P.
Interest from Tax Liens, LLC and Schedule C
When buying tax liens in the name of an LLC, do I have to fill Schedule C (profit and loss) for tax lien interest (1099INT) or can I show it on my personal return? I don't have any income in the LLC name otherwise.
...
Brandon P.
Principal Pay Down, Amortization Schedule Tax write off
Hello All, I know investors say principal paydown is a reason to invest, but when you look at the Amortization schedule for even a sub 100k loan 30 yer fixed @ below 5% interest rate you are likely paying over $200 ...
Dave Luu
Rental Property tax (F1040 Schedule E and F8582)
Dear All,
I have a question on my two rental properties:
One property has a profit this year ($2k profit, but carry over loss is $30K); The other property is a loss ($4k loss, carry over loss is roughly $25K).
Lo...
Naseera Mohamed
Rental 2-family
We are closing on a 2-family house that was REO , for 160k with 20% down. It is a good deal and similar homes were listed at least a 50K above. Another investor is offering a 20% investment . Says he will put 25Kof...
Marian Smith
Does my Schedule E look like yours? Ma and Pop landlords
Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...
Matt Doepke
Bought STR in 2023 but didn't rent. Any tax benefits available?
Hi BP! Thanks in advance for your insights - I just purchased my first real estate investment property a couple months ago (2023) and looking for some tax guidance. I purchased a single family home under my LLC and ha...