Kat N.
Deduct construction cost from personal income (for tax purpose)?
Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...
Min Kim
Tax question. Total cash flow or AFTER income - expenses?
Dumb question or maybe I’m not thinking this correctly.What’s actually taxed? The total cash flow just after the mortgage is paid? For example;Mortgage payment $1000, rental income $1500. So is the $500 that’s being t...
Jeffrey Mayer
Deferring Income Tax on Buy and Hold Cash Flow
Hi Biggerpockets Forums,I am looking into getting into real estate soon in Georgia and I had an open ended question on tax liability strategies. As a little back story, as a positions investor I am all about the long ...
Caleb Fillip
Excel Spreadsheet for Calculating Capital Gains Tax with Income
Does anyone have an excel spreadsheet with formulas that calculate federal capital gains tax based on assumptions for capital gains AND income?I can calculate capital gains in a vacuum assuming $0 of ordinary income, ...
Damikaz Tormen
Canada, negative cashflow rental property to reduce income taxes?
Hi everyone,I am currently living in Canada and I'm in a position where I am getting eaten completely from taxes on my salary income. I'm maxing my RRSP, TFSA & FHSA but taxes are still eating way too much...As su...
Zhi Li
OOS investors, does your rental income get double taxed?
Hi all,I am a newbie investor living in CA and I am just about to close my first rental purchase in IL. But, my CPA told me that since I live in CA and the rent is coming from IL, the rental income will be double taxe...
Chan K.
Self Directed IRA, UDFI (Unrelated Debt Financed Income Tax)
Hi BPer,For those with self directed IRA experience, can you explain what is the UDFI (Unrelated Debt Financed Income Tax) impact on real estate investment using self directed IRA?Thanks,-Chan-
Robin White
New tax plan and 20% pass through income deduction
https://www.facebook.com/latimes/posts/10156180010518010
Can I claim the 20% pass through income deduction on my rental properties if I am a full time employee for my day job?
Jose Contreras
Tax benefits from RE investing in high income earners.
Hello everyone,We recently started investing in real estate in 2020. We are buy and hold investors and currently have 2 doubles in the cleveland area. We got into investing for it's wealth building annd tax benefits. ...
Dakota Mivshek
Tax Question - Mixing real estate commissions and Rental Income
Hi there, I have a tax related question. Things moved quickly these past few months, which has resulted in the creation of an LLC (S Corp status), Real estate sales commissions, & rental income. Current status: Re...