Veronica Thomas
Tax credit for historic building
Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...
Daniel Chen
Section 179 Question for rental business
I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...
Matthew Banks
Property Insurance - deductible level, ways to reduce premium, student tenant policy
Hey, we own/manage a handful of rental properties. We have a very low deductible ($1k) and I'm wondering what the norm is/should be for a rental? We could likely get by with something far higher ($5-10k) and I imagine...
Dan Shelhamer
Takeaways from meeting with my accountant
The other day I met with my accountant to do some year-end planning, especially since this is my 1st year owning investment properties. A few things that I took away from this meeting are listed below, and I was just...
Adam Zuar
bonus depreciation help/questions
My parents bought a short term rental property in Cape Coral Florida in 2021. From what I understand, they can use bonus depreciation once a cost segregation study is done. Unfortunately they did not get a cost segreg...
Ed Moran
High Net Worth Individuals - Tax Advantages/Best Practices?
Question is for folks that are 150K in earnings and investing in Real Estate as a passive investor and NOT designated as a "real estate professional. I currently have apartment complex (MFH) in FL and about to purchas...
Patrick GRibbin
unrealized losses from previous tax years
Just trying to figure out where unrealized losses play into capital gains when an investment property is sold. My wife and I have been over the $150k limit the last few years and have not been able to claim any losses...
Michael Zagorsky
Calculator for Phase Out of Schedule E Passive Losses 100-150k?
Does anyone know the math of much losses are allowed for Schedule E if your AGI is between 100 and 150k? I have about 11k in losses and want to do the figuring of much much to contribute to a IRA/Solo-401k with regar...
Tiffany S.
Homeowners / Landlord Insurance Questions
I am in the process of purchasing my first rental property. Need some recommendations for insurance policies. I am trying to get some simple quotes online and I am not having any luck. Property is in Hampton roads. No...
Aaron Linden
Rental Property Insurance Policy Question
Hey everyone,
I am just getting started out and I have my first offer accepted today and I want to ensure I am ready for closing.
What type of insurance do you recommend for someone who is just getting started with...