Desmond Price
Rental to help offset 120K in income tax
Hey guys,Im trying to get an idea of how much a rental property could help with offsetting income taxes. Im looking for a SFH here in SoCal to rent out long term. The purchase price is 250,000 and the rental income is...
Bryan Lajoie
RE (STR) Investing to offset W2 income/tax
Planning ahead for FIRE, we would like to start accumulating more RE to use as short term (Airbnb) rentals. We like the idea of a furnished, marketed short-term rental over something longer term as it offers the abili...
Tito Taiwo
How to File taxes on rental property income
Hi! I would like some help. Last year was my mums first year being a Landlord. Now we are both trying to figure out how she properly files taxes on her rental income. Initially I was telling her to treat it as a capit...
Mike B.
Texas low-income property tax exemption - Leander, TX
As a new suburban Austin landlord, I'm in the fortunate position of seeing my 1st rental property and new primary home nearly double in value within this last year. It is so weird to have experienced the massive run-u...
Kristen Watts
Will tax deductions negatively affect income for loans?
Hello all! Question for you: my accountant says I'm entitled to about $7,000 back on my tax return based on depreciation, expenses, etc. on my three properties (one my own home purchased in 2011 and the other two r...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Al Brennan
North/South Carolina rental unit income tax implications.
Hi folks,I was looking at a condo in South Carolina tonight with my realtor when she told me that it probably wasn`t worth my while financially to buy a S.C. property to rent out while I live in N.C. because the tax I...
Ben Firstenberg
City of Cleveland Income Tax for Rental Properties?
Hi all, Do you guys pay income tax on the rental properties you own in the city of Cleveland? If so, how? On RITA?I did not live in the city of Cleveland last year, but my rental is located there. So I'm not exactly s...
John Roust
Declaring residency in a income tax free state
A coworker of mine is allowed to work remotely from home. He has recently purchased a home in Nevada and has declared permanent residency there via his employer and has gotten it approved. In reality, he lives in Sacr...
Joseph Lamon
Taxed on rental income if still paying mortgage?
Hey guys!I am still very new in this industry and need some help here. I managing my mother-in-laws property and taking care of everything for her via POA. I know ultimately she will have to file the 1099 but are you ...