Rick D.
Passive Activity Losses and their Carryover
Please define "Passive Activity Losses" and their carryover for the purposes of calculating depreciation recapture.Thanks,- Rick
Stephen Thomas
How do I lower my W2 income?
HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...
Cindy Joseph
House hacking with duplex- umbrella or landlords insurance ?
We purchased a duplex and will be living on 1 side and renting the other. I found out llc is not a good idea. Do I need umbrella insurance or landlords insurance or both? Landlord is significantly more than umbrella.
Rich Ortega
Tax Question .
Just starting out. Going to file my LLC by the end of the week (8/10/19)....Going to fund the start up of my business (marketing, website, phones, etc) week by week using money from my paycheck....I will structure the...
Eric Hamilton
better to donate or sell
Hi I was recently involved in a scam of real estate. Im trying to recoup my loss the best I can I have two options and want to know which one is the best in terms of losses on taxes and getting more money back on my t...
Will F.
Cost seg and accelerated Depreciation
So does the cost seg/ accelerated depreciation work best for a real estate "professional" status person only
Is accelerated Depreciation still allowed in 2022?
I'm purchasing some properties this year and thinking o...
Khaled Seirafi
Structural Engineer's Limited Liability
Hi. I'm planning to have a structural engineer to create architectural as-built floor plans for a 2 story mixed use building I own in California. These plans will be used to create specific structural plans for a larg...
Leen Sha
Auto insurance policy might not be enough
A friend of mine had a car accident almost 3 of years ago...she was found at fault....(state of limitation is not passed yet) there is no lawsuit filed against her until this time... she only had WA state min. liabili...
Miguel Alvarado
Tax Exemptions, LLC Structure, and Depreciation for Foreign STR Properties
Hello BP Community,
This is my first post and I am not sure if I am asking too much!
I'm exploring the idea of investing in a short-term rental (STR) property abroad and have a few questions regarding how to structu...
Dennis Tierney
Cost Segregation Depreciation Uses
We came up with a couple of uses for accelerated depreciation by cost segregation. We had a failed attempt at 1031 exchange last year but were able to eventually buy an apartment building so the losses generated by th...