I'm sure everyone has some knowledge to bring to the table but might not know everything about saving money on your taxes so this thread is here to help make a collective list of ways to save money on your tax returns...
First time rental purchase, I'm well in to the 25% federal bracket (and 7.2% state) and plan on being so for at least the next six years (retirement). I'm analyzing a lot of deals that barely get me 8% ROI but if I t...
how much should i set aside if i get $10k wholsale fee?
Hello All, I own my investment property under my name. However, with the current version tax reform, it does look like pass through business (like S corp and LLC) with less than $500,000 income will be able to automat...
Hi all,I am new to bigger pockets forum. This is my first post, so apologies in advance if I am posting to the wrong group.I am a real estate investor in bay area and am looking for a good tax consultant. Please give ...
Advice needed ASAP! Anyone have any recommendations on tax advice for end of year tax planning. We have a high income and paid an extra 40k in taxes last year... we are looking to find a way to avoid his this year. Th...
Hi Everyone,As a CPA who specializes in real estate I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance is still a bit unclear and more researc...
Sitting around tonight paying the tax bills on the ppties that we're holding first position paper on. Got to the bottom of the pile and had our two houses and and vacant lots, wrote the checks and realized something:
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Where do you spend money each month? Something I recommend to everyone is to take a look at their monthly expenses every so often and see what can be moved from the personal side to the business side.
Remember, to ma...
You can DEFINITELY save THOUSANDS a year ............setting up your TAXES CORRECTLY............What's the BEST way ..............to set up a Rental Investment ........for TAX Purposes???.......LLC, personal?.... Als...