Craig Bellon
Trying to purchase 3rd home and Schedule E question
I'd like to purchase a third home as my primary residence. I have two other properties, (A) and (B), already rented out. Property (A) rented out in 2014 and property (B) was rented out in August of 2016. On my 2014...
Vik John
Rental loss in tax filing ?
Hello,
Can I include rental loss in my tax filing for last 3 months of 2023?
thanks
Austin Sharp
Depreciation: Real Estate Profesionals
Hello,
I am a real estate investor, real estate professional and a CCIM in Amarillo, TX. I took bonus depreciation through a cost seg study on the properties i bought, and generated a paper loss of ($370,000) M...
Robert Smith
Tenant Wanting To Break Lease Early...
Our tenants (who have rented from us for about 1 year and 5 months) are having to terminate the lease early due to job loss. The husband was the primary bread winner and lost his COO job. He says he found a new one ne...
Larry Flanagan
Quickbooks reports
How can I get quickbooks to show me all the cash in and out of a property that I bought, fixed, refi'd, rented, refixed, and sold? I am trying to come up with some IRR calculations on some deals I have completed.
Roy Williams
Real Estate Professional - IRS Audit
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
Lennon Turner
Starting with Flipping?
I'm a new investor, and I'm considering some strategies to get into real estate. I like the idea of flipping (if done well), but is it considerably more risky to start flipping houses given the current state of the ec...
B T
First time renting my house need help to calculate losses
Hi everyone!
I have decided to rent out my house in the bay area. My monthly mortgage interest is $3700, property taxes are $1000 per month and I pay around 50 bucks a month for insurance. Let's call it around 4900...
Ryan Thomson
Maximizing Your Tax Benefits as a Real Estate Investor: Strategies to Ask Your CPA
Disclaimer: I am not a
tax professional, so it's always best to consult a tax advisor for your
specific situation.
Investing in real
estate can bring about a lot of financial benefits, but it can also have a
ma...
Brandon Shewbridge
OK Tax Gurus - Here's One For You
ScenarioA 401K loan was for partial funding on a personal hard money loan. The loan was defaulted on and the result was a total loss. The 401K loan was converted to a distribution when switching jobs so prepayment pe...