Eric Suess
rental tax deductions carried over to other 1099 income?
Hi BP - My primary job is 1099 income from working as an independent contractor (healthcare). I have been reading about carrying over tax deductions that exceed income on a rental to other rentals or to the next year....
Kyle O'Connor
Help w/Historic Income Tax Credits and other incentives
ISO- Anyone with experience factoring or securitizing future incentives including lump sum Historic grants, Local Sales tax rebates and Federal Income tax credits
Abbreviated Background - I am redeveloping a historic...
Marina Loos
old active Bank loan requesting updated tax return/income
Last year I took out a loan from a bank using one of my properties that had no mortgage on it. It's a fixed loan with fixed payments. It was to pay emergency bills. I only have a few years to pay it off as everything ...
John Smith
Taxes: Rental Income Loss in 2019 , disqualification for 2020?
I purchased an investment property in October 2019, got tenant in for November 2019. ~$1800/month. I can report a loss ~($3500) or more on my 2019 taxes due to deductions/interest/depreciation, etc. Will this hurt my...
Ali Kattan
Tax write offs for Rental income w/out LLC
Hello all, I recent purchased my first rental property and I already have decent tenants living in there. I am frankly new to this rental property investment world and have only purchased one other home before this re...
Jim Truman
Spreadsheet for tracking expenses/income and Basic tax question
Hello, I am putting together our annual information for my CPA. This is the first year with an investment property. I use a spreadsheet for my wife's LLC to track her business expenses and income but I'm wondering if ...
Justin Glowa
Tax information for investor with no rental income yet.
I purchased a Single - Family home with the intention of turning it into a househack. The home has been registered as my primary residence. I have been working on many renovations since, but do not have any rental in...
John Richards
taxes - selling income property, lived in for several years
Hello everyone,I am 59 years old and I am selling an out-of-state (NV) residential income property that was originally my primary residence and I am wondering about what I can do to lessen the tax hit.I originally pur...
Phil Gaulrapp
Are property tax rates different on an income property?
I live in Illinois and I would like to know if the property tax rate is different if I own a multifamily property than than they are on my house.
Dan G.
Income taxes paid out-of-state with rental properties?
Hello,I am thinking about buying some SFH rental properties in the Midwest. I live in Florida. If I buy houses in Michigan, for example, do I have to pay state income tax in Michigan, even though I don't live in Mic...