Hey guys!
Long time listener, first time caller!
I have a tax/capital gains/ insurance settlement question:
I bought a duplex 3.5 years ago with a conventional mortgage. Owner occupied one side, rented out the othe...
I'm sure you all saw in the news last week another heavily Texas based investment team (Tides Equities) is facing loan maturities amounting to $1.5 Billion (with a B) backed by poorly performing properties, that will ...
Hello Tax team, Here is the scenario and I want to understand how the cost elements needs to be treated from taxing aspect?I purchased a property to flip in 2022. The property was ready for a sale in 2023 but could no...
I'm looking for a rock star REI CPA in the Capital Region that is well versed in NY RE tax laws, Partnership/LLC tax laws, recent QBI changes and comfortable with multi-state filings.My financial profile in 2018 shows...
Hello everyone, my name is Kyle and I've recently decided to begin investing in real estate. After finding myself on BiggerPockets almost daily reading through posts, I've decided to join!Long-story short, I've create...
My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?
An investor has a full-time job makin...
I have a SFH that I have rented out for 9 years. There is quite a bit of capital gain on it (about 500K). I am thinking about selling it now that I am about to retire (and the market is high). If I make my this rental...
We own several rental properties with excellent ROI. These props are all under our personal name. Our combined taxable income was more than what the government considers as way above the threshold, therefore, we cann...
First time buying a home. Home is in Massachusetts. Will be renting it out. Any clues on how my year end taxes (not property taxes) will be impacted by purchasing a home, and now having more income coming in. (besides...