Don B.
My First Year's Taxes Vs National Average On Schedule C
I am new to this forum and would like some advice i am a wholesaler and this is my first year in business recently open an online IRS Filing account and upon filing my return i received this profile of folks within my...
Esmeralda Guerra
DTI too high based on schedule e rental income loss
I need some advice. I was told by 2 lenders that my DTI is too high because my taxes show a loss on rental income. The rental income loss cannot be included as income for last year (2018). I would like to buy a seco...
Aaron Yates
2nd SE MI BP Meetup scheduling ideas for December 2013
So tonight is the 1st Meetup for SE Michigan. Originally this was a BP member event but has expanded to any local investors or newbies. This appears as though it could be a great turn out.
I want to start pla...
Asher Anthes
Filing my schedule E for the first time, need help
Hey guys, just bought my first home in May of last year. Have got it rented out and living in it with positive cash flow. I'm looking to buy another house ASAP.
My question is how to minimize my taxable income this...
Rich Mohn
Illinois property tax....how to treat on schedule E question?
Hello everyone, my name is Rich Mohn and I am a resident of Illinois. I am a frequent "lurker" on BiggerPockets! I do appreciate all of the tips that you can pick up on here, it really is a very useful site.
My sit...
Glen Whipkins
How to get on first of the month rent schedule
We have listed our first rental and are screening applicants. My question now is say we sign a lease agreement on the 10th or 15th or 20th of the month, do we pro-rate the first payment then the first full rent payme...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Adrienne Wonzer
Section Eight, can anyone tell me where to locate Rental Schedule
Hi Al, I have been going through the CHA website trying to locate their rent schedules (what they pay for a 1,2, or 3 bedroom) with no luck. I assume it is by County but their site is loaded with info that is not what...
Sanjay Christopher
Loan in process- can I schedule viewing of the rental property
I am in the process of buying a townhome and this is going to be a rental property. Closing date is July 11, 2018, a tenant already lives in the property and he's moving out. Is there any ways I can have the property ...
John Pak
Is "income" from an Estate Schedule K-1 (line 5) passive?
Dear wife's beloved aunt passed away and she inherited a small portion of the aunt's retirement TSA (tax sheltered annuity), which I understand is similar to a 403(b). Line 5 of the Estate Schedule K-1 (from form 1041...