In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...

I see and hear a lot about the benefits for the person who is actively syndicating a deal. What about those who participate in that syndication, aside from the fact that their involvement is much more passive in natur...

Hey BP Community,After purchasing our first SFH to rent, we are interested in purchasing another ASAP. As we considered our options to pull together funds for a down payment, we considered closing our Traditional IRAs...

From my research, I understood that my rental property paper losses could offset my W2 income/capital gains if: (1) my AGI is under $150k, (2) the property is a short-term rental, or (3) I have a Real Estate Professio...

I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...

I purchased my primary residence in June of 2017.  I overpaid for the property, this was a rushed purchase after a move to a new city.  Horrible financial decision.  If I sell right now, I will lose a good chunk of mo...

I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...

Hello Helpful Friends, Background: Opened an LLC in mid 2015, currently doing taxes. We have no income for 2015 seeing as we have only invested thus far. What exactly will my business partner be able to categorize as ...

Most of the articles that I've read assume that capital depreciation is deducted from current year income at 25%, or deferred in the case of someone with too high of an AGI to deduct real estate losses.  In my situati...

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...