I have an LLC I formed last year in Connecticut but have been unsuccessful with landing a deal I was happy with in that state.  Just found an amazing deal in Michigan.  It seems it would be easiest to just use my Conn...

I started looking to invest in my local area about 6 months ago and I have had no luck. I am now looking at buying properties in the US and was wondering how it was done? I have a Corp. set up in Canada and would...

Hi,     My understanding is that a rental property loss carry over can be used to offset future passive income.  Can this be carried over to increase the losses of a future year?  I believe if AGI is $100,000 or less,...

Hey BiggerPockets fam,Anyone who knows the Bay Area knows that home prices here are on the expensive side. I am currently employed at a great company working as a cashier making $17.25 but because I live(with my paren...

Hello, I live in a Columbus, OH suburb and want to buy an investment property in Cleveland, OH.I pay local taxes in the city that I work in, as well as the city in which I live. From online research, I was able to fin...

Hi! This is mostly for the landlords who have properties in other states. We live in Massachusetts, but our rental property is in Pennsylvania. Do we have to file PA taxes as well?

1. How does me Making $10,000 a year from Rent from one Rental property , come into play , via Taxes on this $10,000 ?Can i keep all $10,000 of this as Pure profit and Pay no taxes on it via Writing off certain things...

Good morning all, I have formed an LLC out of state in order to insulate myself when buying mortgage notes. If I put that asset in the name of my LLC and receive payments through it, I am assuming I will have to pay s...

Let's say you made a couple hundred thousand in net taxable income from house flipping and you're holding some of that cash through the end of the year until you find another property, so 1031 is off the table.  Other...

Hi everyone,
My name is Mark and I need some direction. I am a self employed commercial fisherman who makes 150 to 200k a year. I am totally fine with this income at the moment but the only problem is when the tax m...