Pesi S.
TAX Treatment For Carried Over Passive Losses for Real Estate Rental Activity
Hello,From what I have been given to understand from a CPA, he mentions that Carried over Passive Losses from Real Estate Rental Activity cannot be utilized when you sell only one of your properties in your LLC. You ...
Tyler Sherman
Carry forward suspended losses
Hello! I'm working with an accountant and I'm a little annoyed because I'd like to understand how the carry-forward suspended losses is calculated and I'm not getting a clear answer. I thought it would be as simple as...
James Wise
What does your PM charge for Airbnb?
Yo freaks my company is currently making a big push into the Short Term Rental business in the Cleveland market. Thus far, our business has primarily been long term buy & holds in the lower income space. Ya know S...
Renata Shoimer
Tenants who can pay but won't
Hi everyone. I own rental properties in Philadelphia, PA. I've already had tenants contact me telling me that they've lost their jobs and can't pay. I advised them to file for unemployment and resume payments ASAP. H...
Danny Milea
>150k In Taxes 2019
Hi,My fiancé paid >$150k in taxes from her W2 job. Would buying passive income (multi fam) offset her taxes? Getting a lot of mixed messages from CPAs! 😫
Alex Lee
Real estate professional status to offset federal and state taxes
Hello,First post in this forum. I am looking into becoming a real estate professional to grow my portfolio long-term and to reduce my earned income tax %. Would becoming a REP and materially participating in rentals r...
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Getting around the AGI limit for passive-loss deductions
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...
Horacio Gutierrez
Real estate professional for rentals property
Hello,Do you have to be a real estate professional with 750 workhours and 50% of time in landlord job than ur job to report as business instead of a investor or does 500 work hours as landlord is enough to report as b...
Wendell Hall
New tax law and $150,000 phase out on deductions
I’m wondering how the new tax law has affected buy and hold investors who phase out at the $150,000 W-2 max income for deductions. My wife and I own four properties in Washington, DC proper, and rehabbed one last year...
Joe Kim
Trying to get my wife to become real estate professional!
I work full-time (60-70 hrs) week on my regular job and do real estate on the side. Like most people I'm working hard to build wealth and cash-flowing investments in real estate. In the past 18 months, I've acquired...