Wyatt A Brady
Balancing tax implications with potential income
Hey guys-Im still new to posting on BP, hope no one minds if I share some personal numbers, but I could really use some calmer heads on this before I go crazy.I was all set to start visiting a property, and I started ...
Caleb Coombe
CPA in South Jersey Area
I recently just purchased my first investment property and I am currently house hacking. I am looking for recommendations for CPA's who are literate in real estate to help with tax strategizing and preparing taxes.
...
Michael Gil
Tax on Primary Residence
Okkay I am in a bit if a bind, looking for some curbside tax advice (aware I should consult a tax professional)I sold my primary residence of 4 years in Aug 2020 profitted about 70k on it. I bought a new home the same...
J B.
New Reporting Rule 1099-k for 2022
Today I received a message from Apartments.com requesting tax id information. Stated that starting in 2022 amounts more than $600.00 will be reported with 1099-k and failure to provide the tax id will suspend any futu...
Alex Rupelli
Holding company structure
Hi there,I will be investing in my first property (Quad) soon. Im in the process of securing financing and setting up the company structure. I have decided that since I plan on doing lots of different investments it ...
Soyoung Bae
Zip code 46229 any insight?
I have been looking into the neighborhood of zip code 46229, Above the Cumberland area.I have found a property that will cash flow but I am not sure about the neighborhood. As an out of state investor, I need some loc...
Mark Mattison
Airbnb in Charleston, SC
Hi, I'm looking at buying a 3/2 house in downtown Charleston, SC south of Sumter and use it exclusively for an Airbnb. House is pretty close to turnkey with little work needed to be done to it. It appears it would ...
Leroy Butler
Real estate CPA in San Diego
I currently have 4 rental properties in 2 states and I’m looking for a CPA in San Diego area who specializes in real estate.
Robert Johnson
Is the income from a STR considered "earned income" for tax purposes?
From my understanding, long-term rental income is not considered "earned income" but what about the income from a STR or MTR if I self-manage the rental?
Ben Lee
Using LLC to offset Rental income against Active income (W2/Capital gains)
From my research, I understood that my rental property paper losses could offset my W2 income/capital gains if: (1) my AGI is under $150k, (2) the property is a short-term rental, or (3) I have a Real Estate Professio...