Yas Tahir
Is passive rental income subject to Self Employment Tax
I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is ...
Lahiru S Hettiarachchi Gamage
How to get the tax advantages against W2 income
Hello,I own 2 rental properties with a partner and also have a W2 job. My wife doesn't work but doesn't have a real estate agent license. She work on the rental properties in many ways. But her name is not on the prop...
Kaylin Gonzalez
is cash flow taxable income ? how is it taxed ?
would appreciate any information
Want to pay ZERO taxes next year? If you own real estate or are building a portfolio, there’s a good chance that you can legally keep your profits away from Uncle Sam. But you’ll need one thing before you can do so. O...
Manuel Savorelli
How important is income on tax returns for conventional loans?
Could you get approved for a conventional commercial loan for a small apt property if you only had roughly 20k on your tax returns but have an excellent credit score, $0 debt, real estate owned free and clear, and cas...
Dave Mosher
Should I take the tax deductions or claim the income?
I am closing on my first SFR on December 20th. Financing has gone great with no problems. I went through a local bank, who offers portfolio products. I was talking yesterday about what I would need in order to purc...
Justen Ashcraft
Mortgage loan small business as only income tax line question
What line on the tax form does the loan processor look at to determine last years income? I’m a self employed guy and I forget what line it is that they use. Thanks.
Greg Tom
Best Tax Advantages for REI with low 6 figure income?
Hello,Wanted advice from BP. I am a big reader over at various 'retire early' sites (Money Mustache, etc.), and have a decently high savings rate after tax. I am trying to maximize my tax savings through real estate...
David Krulac
Fastest Growing States, Shrinking States, and No Income Tax State
Fastest Growing:1. ND (yea oil/gas)2. CO (yea Bigger Pockets)3. NV4. FL5. TX6 UTShrinking State Populations:1. WVA2. IL3. VT4. CT5. Maine6. Miss.7. New Mexico6 of the 7 are east of the Mississippi RiverStates w...