If you trade different stock options, can they still be considered identical for wash sale rules if they have similar dates on the contracts? Are day traders still subject to wash sale rules? Thanks

Hi there!  I am interested in how rental losses work if income is over $150K and if not a real estate professional.  First, I suppose that these losses can be carried forward but how are they eventually taken?  Only i...

There are a couple caveats I found that make me reconsider a QRP:When you have money in these accounts it sounds good that you are not taxed on gains but you are restricted from getting a Fannie Mae loan. Using the QR...

Ok, i found a townhouse that i am looking to purchase to do a live in BRRRR. I am running the numbers and see the property taxes listed on zillow is $320/year. I live in the is town and know its LOW. I look it up on t...

I am curious about what the concensus is when discussing depreciation on a larger 100+ unit multifamily complex with LP investors? If you have a property that is producing $500K in positive cash flow (income after deb...

When talking about cost segregation studies, a common confusion is the difference between reclassification and bonus depreciation and the role that each of them plays in terms of taxes. Let’s dive in.

Reclassificat...

What is Cost Segregation?
A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental ...

We own several rental properties with excellent ROI. These props  are all under our personal name. Our combined taxable income was more than what the government considers as way above the threshold, therefore, we cann...

Hi All,

I recently purchase an investment property, but i rent it to my parent at lower price, not at a market rent value. My question is:

Can i file my tax under a rental property, the reason is that ...

I am trying to calculate the cash flow "tax savings" due to depreciation for a property I am under contract for, and plan to rent out.Everywhere I read, I am told to use effective tax rate (total taxes you pay/total i...