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 ...
Sam Cummings
Selling Property Short Term & Taxes
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 ...
Brian Champine
Depreciation recapture - a losing proposition?
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...
Michael Bertsch
causualty loss on rental property
Let’s say the roof on your rental property gets damaged from a storm and you claim a casualty loss. At the end of the year, you have a net operating loss after depreciation and operating expenses. Can the causality lo...
Nicholas Curcuru
Selling investments to cover VA loan assumption
I just moved back to the USA and want to buy a property. The property will be my personal residence (VA loan requirements) but it will be a house hack as well. I am planning on getting 2 roommates to cover almost, if ...
Ron Kelley
Best way to deal with an Underwater Mortgage
Hello everyone,
I am new to BP and the world of note investing, I've read loads of postings here on BP (which is just mind blowing the level of knowledge/experience) and have loads more to go which just wets ...
Michael K.
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers)
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers) - any insight here would be very much appreciated. Thank you!!1) I understand the safe harbor to be the lessor of $10k or 2% of the unadjusted basis of t...
Jacky Johnson
What does it mean to run a property at a loss for purposes?
I meant at a loss for tax purposes. Yes, what does that mean? And is it ok to do so? Why or why not?
Kimberly Keesler
Tax shelter if selling stock to buy real estate?
Does anyone know if a person qualifies for a certain tax break if they sell corporate stock but immediatly turn around and buy a piece of real estate for investment purposes? Is there a way to do this (legally of cou...
Dave Versch
Tax advantages?
Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...