Russell Roberts
Question about tax benefits of "Real Estate Professional"
Can unused passive losses carried forward from prior tax years be used against active income in the current tax year, if the taxpayer has qualified per IRS rules to become a "Real Estate Professional" in the current t...
John Hyre
Pass-Thru Deduction, Landlords, New Regs
Panic! Landlords Cannot Take New Pass-Thru Deduction! NOT.The IRS just came out with proposed regulations on the awesome new Pass-Thru Ded...
Johnoson Crutchfield
How Tax Returns Affect Real Estate Investor Bank Financing
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Kay March
Schedule D Worksheet, line 15, $38,600 if single
On line 15 of the worksheet for Schedule D the taxpayer enters $38,600 if single or married filing separately or larger amounts if married or head of household. Is this a deduction from your capital gains under certai...
Andrew Kelly
New Alabama Lien Auction Procedure 2019
Under this Alabama new lien auction investors bid down the interest rate instead of overbidding, so the person who bids the lowest interest rate wins. Additionally, the investor receives no possession rights for 3 yea...
Craig Fitzsimmons
1032 From Personal Name to New LLC
Hi All,I’m looking to sell 1-2 of my smaller MFs and 1031 into larger MFs. My current smaller properties are just under my name, but the larger MFs will be under an LLC. I’d be the only member of that LLC, so I’m ho...
Account Closed
End of Fed Purchase of MBS on April's Fool Day 2010?
BP Community:
Branching off the next wave of foreclosure posting I wanted to get a sense from the community on what would happen to the mortgage market once the Fed has stopped buying up mortgag...
Jared DeLee
Using 1031 exchanges and an LLC
Due to the difficulty in finding lenders willing to lend to an LLC, would it be possible to transfer a property in and out of an LLC ( assuming written permission from the lender is obtained) via warranty deed in orde...
Michael Periu
Accounting for real estate property taxes
Good evening! These forums are great. I'm writing to ask about best practices or common approaches to accounting for property taxes.
Here the tax bill comes out in November of each year. If you pay in November you ge...
Matt Good
SFR to multi family?
Can you 1031 your 1 SFR into 1 multi family or even multiple multi family's? Yes, it's an expensive house. I've been told that it has to be a "like" exchange. Please help!