Richard Olshove
Tax/Structure Questions on LLC Holding : Property LLC Structure
Hello BP I had a couple of questions for you about the attached RE ownership structure. Specifically:1. For the WY LLC that has a S Corp taxation election does it operating only as a holding company for the other LL...
Liz Rogers
Capital Gains Tax Threshold?
Is there a threshold for when you have to pay capital gains tax? For example do you have to make $100K before you get hit with capital gains? Thanks!
Jewel B.
Low vs High Property Tax States
Hello again,I am spending my Friday evening researching real estate markets.I have organized the states by low, moderate, or high property taxes. I hope this can be a useful quick reference to others.---As of 2020, th...
Angelique Cole
First Time Investors Ground Up
How does one acquire financing for a development project when I am a brand new developer? I don't have any developer friends to be on the LLC with me. I want to help with low-income housing in my community that I know...
Bharath(AJ) A.
depreciation or bonus depreciation as ordinary income loss
Hi Experts,When a rental property is acquired on a holding company name but the daily operations run through different operating company...can one take the depreciation or bonus depreciation as ordinary income (loss) ...
Gagan P.
Rental Loss carry-forward
Do rental losses need to be used in the same year?Example: $15k in personal income but also $12k in real estate losses.If there's enough deductions to not pay tax on the $15k, then what happens to the $12k rental loss...
Rob Ko
Tax related questions for seasoned investors or cpa
I am looking into buying a long distance rental property. I was wondering what are the tax regulations. Will I be double taxed, once in my home state and the other time at the state where the actual property is? I wou...
Anna Stolpe
Depreciation can not be deducted?
Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...
Cindy Auch
Is interest received from fix & flip loans subject to self employment tax?
Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
Alicia Zhao
Is interest from private lending passive income?
Hi,I lent some money to 3 people last year as a private lender. I told my tax accountant that it should be considered as passive income to offset the passive loss from my rental property. But my tax accountant said it...