Tim Johnson
Is Real Estate the best way to reduce your taxes?
Real Estate is THE BEST way to decrease/eliminate your tax burden. Here's why:This is a picture of a Schedule E. It outlines profit and losses from rental real estate. Look at all of the losses you can count against y...
Shuo Li
How to minimize income tax?
Hello BiggerPockets.I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.The issue (a g...
Charlie Martin
Purchase under an LLC or not?
Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so. The reason is I want to separate my personal debt to income ratio from my real estate investing “business” and...
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...
Adam Sieg
Real Estate Professional
Came across the concept of real estate professional recently and was curious if anyone had elected to pursue this status. I understand the time requirements and being part time the 50% shouldn't be an issue. Just cu...
Rich Weese
3.8% tax on future real estate sales!!!!
There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...
Hannah Taylor
Grow Career and Income or Grow Investment Portfolio?
I currently own my first House Hack and have a goal to purchase my second this year. I got my Real Estate license in October and began working on the side in an hourly position showing homes with a modern discount br...
Germán Rimoldi
Tax Breaks Investing OVERSEAS
Both income tax paid overseas for the capital earning and rental income can be used as a tax break. Income tax paid to the foreign can either be deducted or applied as a tax credit when filing your taxes in the US. Fo...
George P.
offset rental income with rental loss ?
trying to find the answer but cannot find anything useful.... * I have a rental property that produces 7k rental income/yr.* I want buy a (vacation) rental property that will produce 9k of rental loss/yr.* our MAGI ex...
Steve Sanderson
Ordinary vs Capital Losses
I'm currently reading The Book on Tax Strategies for the Savvy Real Estate Investor and reached the section about real estate losses. They mention that real estate losses are often times mistaken as a capital loss. In...