Patrick Shep
End of year tax strategies?
What are some good end of year tax deduction strategies (outside of increasing your 401lk contributions). I've read a lot of people will buy a property as an STR, put it into service then do a cost seg. I'm looking to...
Dan Stewart
1099 won't qualify me for an apartment
Hey Guys,So I have been working for myself and other the past 10 years. I make 95% of my money during the summer. I am either 1099 by people or get paid cash under the table which I put towards my business. I also hav...
Ronny Crawford
Taxes on Private/Hard money loans?
Does anyone have professional guidance regarding how taxes work regarding private lenders or hard money lenders? I was on both sides of this question last year and have not yet filed my taxes.Two scenarios to conside...
Robert Larue
Help with Accounting
Hi all,Been trying to research the best way, but have found many different answers and I'm getting more confused!My business partner and I are buying SFR and multifamily in St Louis Missouri, we now have about 9 units...
Jeff S.
How safe is your cash?
Invested in a stable value fund that maintains a stable net asset value for preservation of capital. Supposed to be safe but in talking with one of the advisers he informed me they had a large position in AIG before t...
Chris L.
Can I deduct passive losses the year my rental property sold?
I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...
Mike Faulkner
You're not going to like this question, but...
As a self-employed VERY small business owner paying approximately 40% of my profit in income tax every year, I am (understandably) not interested in giving the IRS almost half of the money my tenants will pay for rent...
Mike M.
How do you have your bank accounts organized / set up?
Hey guys I'm wondering if there is a way I can increase my efficiency or improve my money management system the way it is. For those of you that have full time jobs (non real estate) and do this on the side - how are ...
Account Closed
Solo 401K/ IRA and Tax concerns under my LLC
Hello, very new to this forum and this topic. I am trying to put together the following information and would be grateful for any thoughts you all may have.1. I would like to take one of my current employer 401K's a...
Ben Pearce
House Hack Accounting Help
My wife and I will be house hacking with a duplex once we close at the end of January. I have some questions around paying the mortgage and also about the use of a business credit card.
I currently understand the im...