Darshan Patel
NYS / Federal Income Tax
Hello Biggerpockets! I am currently looking into purchasing a 6 unit multifamily in upstate, NY and I just wanted to see how the taxation works if anyone could help me out and let me know what the percentages are? Tha...
CJ Swoboda
Tax free passive income
Greetings BP family! Newbie here, soaking in the collective wisdom.I was googling passive income the other day and learned that you can earn up to 80 k and not pay federal income tax. Is that true?
Ashley McClure
ADU income and taxes
Hello,My husband and I just bought a single family house in Berkeley CA after looking unsuccessful for multifamily for a long time. In order to turn it from full liability into partial asset, we are planning on build...
Miguel G.
Rental Income and Taxes
Can I use the income coming in from my rental properties to buy more properties? How is the tax going to be calculate it since I haven't paid taxes on my current rental income for the year? Supposed that after paying ...
Ashley Whidby
Rental Income and Taxes
Hello everyone! My question is about rental income and taxes. My tenant just moved in on October 1st and I want to be sure I am keeping all of the appropriate records for tax purposes. What records should I be keeping...
Denis Davidyuk
Income tax on rental
Does the 50% rule account for income tax? How is rental income taxed? If a houses produces $1000/month does a set percentage of that 1000 get taxed?
Brian Schmidt
Capital Gains/Income tax
To the CPA's and tax professionals out there,A scenario popped in my head. Say I sold a currently owned house with 100k in profit and then used that profit to invest in 2 other properties (50k each). Would the 100k I ...
Brandon Cooper
Income Tax in CA
Question number 1 Here in California our income tax is pretty high, so I am curious what investors do with their income. Let's say I have a cash flow of 10k a year and my income tax rate is 25% Would/should I set asid...
Jarred Black
Is rental income taxed?
I know some landlords that manage their own properties and collect their rents personally. I know some that record this income on their taxes and some that don't. Should landlords file rental income on their taxes or ...
Jonah T.
Canadian Rental Income Taxes
I am trying to determine the best path forward for how to deal with rental income (yes I'm late!) and major renovations. It is clear to me it is best to expense it in the year it was spent, but unclear what the CRA wi...