DongHui Patel
Best Vehicle to invest in a syndicate syndication K-1
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
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Getting around the AGI limit for passive-loss deductions
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...
Heidi Ann Faller
Negative AGI from rental properties - how to carryforward and use
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 ...
Jason Howell
Tax incentives for those who participate in a syndication deal
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...
Cary Beadle
Closing IRA Worth It?
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...
Ben Lee
Using LLC to offset Rental income against Active income (W2/Capital gains)
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...
Bruce D. Kowal
The §1245 Silver Lining: Turning Tax "Pain" into Strategic Gain
The §1245 Silver Lining: Turning Tax "Pain" into Strategic Gain
“’That'll be $500,000 in ordinary income.' Those words from your CPA could ruin your day - or become your secret weapon. Here's how a seeming tax disast...
John Pelaez
Avoiding capital gains....
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...
Kabir Gandhi
Deducting Losses on Sale of Primary Home converted to Rental
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...
Pavel Gos
Basic tips for real estate investors to save money on taxes
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 ...