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I bought 5 single family rental homes this year so I have a lot of negative cash flow to report on taxes. I'd like to declare myself a "real estate professional" as I'm on sabbatical from my W2 job this year and coul...
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If you purchase a home as a primary residence (with a low down payment), and at some point after the purchase (for the sake of giving a number let's say it is 6 months to 2 years after the purchase):you realize the co...
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As the title says, I’m trying to plan for the future and curious how this works. Ideally, if I’m invested in many different RE syndications that are using leverage (and doing cost segregation analyses), then my annual...
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Hey There - quick question. I went full time real estate agent this year and did about 5.2 million in volume in 2021. I know there is a hefty tax bill waiting for me with this 1099 commission but I also know that I a...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
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HelloI have a general question surrounding syndications .....multifamily, mobile home parks,self storage, industrial etc. Obviously sponsors / GPs have to deal with insurance, property taxes etc ,I would like to know ...
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Hello all,
I am doing my first rehab flip. It has turned out to be damm adventureous/scary/ Stressfull/ Sleepless journey. I have my great share of mistakes, and if I survive this , will do it lot better next time. T...
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Does anyone do cost segregation for SFRs and rental properties? I’m trying to learn how to do this, especially since I’m in the 37% tax bracket. Any advice and direction is greatly appreciated! Thanks!
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Hello Team
Curious if the BP Team of experts has some creative ideas on how I can start to use my large 6 figure Passive Loss Carry Forward?
I earn more than the 125K threshold, I am still employed and plan to be for ...
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I have a full time job. I am planning on opening an LLC for my brand new business and I'm going to hire somebody to run that business. I know when you are self employed you can show business expenses, would i be able ...