Chris Hock
Combine rental biz with a non-rental (non-passive) biz for tax?
Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...
Lisa Mason
Claiming the Home Office Deduction when you have a net loss for the year?
Does anyone know if you have a net loss for the year, do you claim your home office deduction that year and carry it forward, or do you "not claim" it, hold on to the info, and claim it when you have a net profit for ...
Brian Drab
How are others calculating their charitable giving amounts?
I hold my investment properties within an LLC, which on paper, after all deductions, should take a loss each year (or close to it). I obviously can‘t give 10% of my profits.I’m curious what formula/standards others ar...
Adolf A.
Buy or Lease new business vehicle? what are you doing?
What is your strategy for your business vehicle?
I have an LLC for my rentals and a S-Corp for my flips. My wife and I work full time across both. Currently we deduct the std mileage. Now are cars are gett...
Paul B.
Basic tax facts for a certain income level?
I know that the best approach is to get a CPA to look at your personal tax situation and help you make the best decisions, and I will do that, but a little education on my own is worthwhile and will reduce the amount ...
Alexander George
Setting Up Your House Hacking Situation to be Tax Efficient
What are some of the pointers from a tax and expenses perspective to consider for a married couple that is going to buy a 2 family, with the intention to owner occupy one unit, and build a portfolio over time?
Jeff Vandall
First rental property
Hello, I’m looking for information on managing my first rental. Are there applications used for organization and management of rental. Good books for optimizing tax deductions, depreciation etc.
Tyler England
Am i able to claim a vehicle during tax season?
Im about to buy a 2nd property with plans of expanding further. Im going to be setting up a business account to separate my personal expenses. If i were to buy a truck to help with the business im building but still u...
Account Closed
Liabilities home insurance
How much is the typical home insurance with standard liabilities cost for multi-family units around Boston areas?
Dom Radcliffe
Can I deduct or take losses if I just bought a property?
Here's my situation;I acquired a property and I am making repairs to it to bring it up to a certain standard before I list it on STR websites. It seems like the repairs will take some time so I won't be able to list i...