Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Allen L.
What are some scheduled maintenance work that's worth the cost?
As a rental investor, especially someone who invests remotely, I only hear about the condition of a property after a tenant's departure. Usually, the make ready is cosmetic, but I'm often concerned about structural is...
Josiah B.
Passive Income Exception for Schedule E, is it even discussed?
HelloLots of people have their opinions about asset protection and what is best but their is a line in the IRS Schedule E form instructions that concern me about using the Land Trust/LLC asset protection strategy. Let...
Bryant Fong
Schedule K1 state income taxes in no-income-tax states
I know that I will have to file state income taxes due to the various K1's on RE equity deals. But, some of these investments are in states without individual income taxes. I am investing as an individual investor a...
Account Closed
1/3 Directly on Schedule E or File a 1065?
Hi All,Hoping I can get a start on the best way to file. We chose this strategy to allow the max number of mortgages. Partner A purchased 1 property (A is the only person on title and mortgage) Partner B purchased 1 p...
Gilberto Watson
Should I file a schedule c? I have an LLC
I had some business expenses last year like BP membership, took pre license classes to become realtor, etc. I spent about & 1,000.+ mileage. Should I file a schedule c?Gilberto
Farhan Javed
Scheduled to take MLO Licensing exam May 31st.. Any advice?
Hey all!I have a SFH home in paterson NJ. Fully paid off which i am looking to do something with soon.I manage 10M in commercial property for my father. ( 15 unit motel, duplex, and 11 unit NNN with 90% national tenan...
Roy Mitle
Zero tax: schedule E losses from rental with passive income
I have a rental which has accumulated a lot of losses on schedule E. Mainly due to depreciation. I intend to not sell the rental and pass it on my kids. In that case they will get step up basis and won't have to care ...
Brian Degener
How to Stop a foreclosure sale scheduled in 2 weeks???
Hey BP, I a property I am very interested in, a seller that is under water but willing to make a deal but the court house steps sale is scheduled in 2 weeks. What can I do to stop the foreclosure sale in this short a...
Joe Lambert
Tax implications of possible change from Schedule E to C
My wife and I both have W2 jobs. We are currently in the process of refinancing our rental properties. After we refinance, the mortgage and deeds will be in one of our individual names (versus formerly in both), but ...