Tom Hertz
SALT Limitiation and Income Properties
Does the $10,000 limit on State and Local Taxes apply to income properties as well? If I exceed that limit on my personal income and property, will that prevent me from being able to deduct property taxes on my incom...
Gideon Blustein
Tax Deed Sale - Should I buy Title Insurance?
I was the successful bidder on two parcels in my local tax deed auction. I'm wondering if I should bother with title insurance? My research has not turned up any surprises or concerns on the properties so what would I...
Adam Gonzalez
Are These Standard Airbnb Regulations?
Hey Everyone! Newbie here. I am currently doing some Airbnb market research. I have found a few towns that have some regulations but as newbie, I have little insight as to what is reasonable or unreasonable. For examp...
John-David Herlihy
2018 Tax Law - C corp or LLC
So I have been thinking about the new tax law and its implications on our fix & flip predominated real estate investment business. Much of the existing information from the pundits will tell you an LLC (taxed eith...
Kyle R.
Vacation Rental Tax Questions
Hi BPI'm finishing up my first year as a vacation short term rental owner. I have a couple of tax questions that I want to familiarize myself with before I send everything to my CPA.I rent my property through VRBO/Hom...
Jim T.
Overpaying State Income Tax and 1099-G
If one overpays the state income tax, they receive a 1099-G the following year for the refund amount. This makes sense since you were able to deduct all that was deducted rather than just what was ultimately owed. If...
Andrew Tefertiller
Correct address when filing for tax ID with out of state property
Many people create passive income through rentals in states outside of where they live. They create LLCs in the state where the property is located while maintaining an office at their home in a different state. If ...
Markeilsha R.
Foreclosure 101
Firstly I'm new... So please bare with me--I'm still learning. A couple weeks ago I noticed my neighbors were suddenly gone, but occasionally they'd come back to collect certain items but never over night. I look...
Ilan M Aliphas
Paid IRS after Audit. How does that impact my return for 2020?
Hello,I asked this question to my CPA and the answer didn't make sense to me. Last year I got audited for my 2015 CA state tax return. That year I did my taxes on Turbotax and fell for a misleading Turbotax trap. I ...
Gabe Chime
Out of state LLC taxes
I have a tax-related
question that I couldn’t find a direct answer to in the forums.
I live in Texas and
considering investing in a multi-family partnership (LLC)
that is registered
and operating outside of Texas...