Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...
Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash ...
Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used...
Hi,My fiancé paid >$150k in taxes from her W2 job. Would buying passive income (multi fam) offset her taxes? Getting a lot of mixed messages from CPAs! 😫
I am considering hiring a property management company for a rental but I've heard that, in doing so, the rental income will be classified as a passive investment for me. My worry is that I would not be able to write m...
Hello,I work a normal job, and my wife is the real estate professional who helps manage our investment properties. Due to depreciation, we report negative taxable income from our real estate investments, which helps ...
Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
My husband and I are both doctors and have high six figure income from our practices. However, most of our income comes from managing other doctors working for us rather than us personally working clinically in our of...
Our W2 income is 150k+, will passive losses carry forward for future use when W2 income is lower?
Newbie here. Im fascinated with the depreciation aspect of real estate and I have a question.Lets say I own a few different non-real estate related businesses. And my earned income from those businesses equals about $...