Mark Tanner
Tax Question With Big Impact
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Nick Harris
Why Real Estate Investing is the I.D.E.A.L Investment
There are five key benefits to investing in real estate and I am sure you have seen this acronym before and this will be review but if not, I find this helpful for myself and I love sharing it with you.I = Income D = ...
Meghan K.
Let's Drop the term "Passive Income"
A plea to my community of Real Estate Investors: Can we drop the term "Passive Income"??? It seems to me to have negative connotations and to promote negative impressions of the business and its practitioners! I...
Michell Chase
Alot on information on offsetting W-2 income but not much on 1099-R income...
I am currently drinking from a fire house on everything investment real estate. Closing on my first investment duplex this week and looking for my 2nd. I hear a lot about ways to 'off set' your W-2 income etc.. I...
Ryan Wilson
Real Estate CPA Help- Tax strategy - What am I missing?
CPA question. I am going to make up some easy numbers for thought experiment for a tax strategy, in my head for the future, but thinking I am missing something. Business owner (Joe) sales a small business ( not rea...
Will F.
Cost seg and accelerated Depreciation
So does the cost seg/ accelerated depreciation work best for a real estate "professional" status person only
Is accelerated Depreciation still allowed in 2022?
I'm purchasing some properties this year and thinking o...
Tom Scott
Are You Making a Living?
Hi all. I want to get a feel for how many on here actually make a decent living in real estate verses are just doing "OK". Obviously I realize we probably cover the spectrum from no real estate income all the way t...
Greg Swartzberg
SEP IRA Contribution?
Tax deferral help needed: I am a full-time W-2 employee and max out my pre-tax contributions to my 401(k). I have a side-hustle real estate LLC that includes passive income from fifteen rental units as well as activ...
Daniel Smith
Can an LLC avoid the Real Estate Professional requirement?
In a perfect world I would be able to deduct my real estate losses against my very high W2 income. However, achieving "Real Estate Professional" status is not something I will be able to do in the near future.It has a...
Ganesh Rao
Deductions
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...