Angelo Llamas
Tax breaks for a rental breaking even
I’m a little confused on what happens when your rental breaks even and you do tax breaks or write offs for maintenance , travel, etc. Does nothing happen or you don’t get anything since the property is not generating ...
Tyler D.
What's the quick and dirty on carrying forward tax deductions?
I'm building my real estate portfolio but have no traditional income. I will be getting a W2 job again in a few years, and wanted to know if I can carry over my unused deductions from previous years? Where can I find ...
David Gotsill
Tax Treatment for a Condo Jointly-Owned with Adult Parent
I was hoping for some general tax guidance (US taxes). Of course I'll consult a professional, but I'd like to be sure that at such time I'm asking the right questions. I seeking to understand how to (or what options...
Neddie Smith
Partnership Income / Deduction Split
Hi BP. I have a feeling this will be a stupid question but here it goes.I have a partner who only wants the tax benefits of real estate and is not concerned about the property income. Is it possible to purchase real e...
Darshil Parikh
Renting Back House and Front House Separately.
Hey BP friends - I have an interesting scenario. I own a property which consists of a front house - 2 beds/2 baths. It came with a detached studio (500 sq ft with a bathroom) - the studio has a separate entrance, pr...
Ryan LaRocca
Taxes and Startup Costs
Hello BP,
Was hoping to get some insight on running a business and some of the tax benefits involved. I am mostly interested in the possible tax deductions that I can get from spending money on my real estate...
Scott C.
Tax treatment when co-signing for a loan and also renting rooms?
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...
Brian Bradley
California Private Retirement Trust (PST) and Asset Protection
If you are a CA resident on searching about Asset Protection you might have read some of my other forum post on DST and its benefits for CA Investors. Another option for CA investors is the Private Retirement Plan/Tru...
Andrey Y.
Deducting misc rental real estate expenses without LLC
Aloha BP nation, I am using HR block software for taxes this year, although I will likely still use a CPA. I was wondering one thing, would all the following expenses go under a specific property, or is there another ...
Carrie Zhang
Can you reimburse yourself?
Can I use my personal credit cards for business expenses and somehow expense it to my LLC bank account? I really like the points benefit I get from those credit cards (i.e. Chase Sapphire Reserve, AMEX Platinum, etc...