Kyle Scholnick
Depreciation still possible?
I am looking to buy a rental property turnkey. I understand some tax benefits should be money I used on maintenance and the mortgage, but the biggest one depreciation seems to be out of reach.Do most people still use ...
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
As a CPA focusing on real estate taxation, I frequently encounter property investors excited about cost segregation studies. And why not? The promise of accelerated depreciation and immediate tax savings is attractive...
Steven J.
Running Numbers: how do you take out your vacancy?
I'm curious as to some small details in running numbers some of you do.
I've been running numbers in the BP buy and hold calculator versus another speadsheet an investor gave me. They both are very helpful an...
Paul Winka
When is loan interest considered income?
I do private lending. I have a primary borrower. When a transaction closes, the principal and the interest are rolled to another loan. Thus, I never touch any of the money. Is that interest considered income for tax p...
Dan Shelhamer
How does cashflow get taxed?
So I just closed on my 1st SFR last week, and am hoping to have a tenant in by June 1st. A couple questions I have.I was going to set up my LLC within a couple months as I plan to grow this into a full time business ...
Luciano Gaita
Reduce tax liability
This year I sold a rental property with a capital gains of 60kI’m looking to reinvest in something that will reduce my tax liability. I get a lot of ads on my Facebook feed regarding investments that may do that looki...
Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
Julio Gonzalez
Is Cost Segregation Beneficial to Passive Investors?
A question that I am frequently asked is whether or not passive investors are able to benefit from a cost segregation study. The strategy is more often talked about relative to active investors, however with the right...
Kenny Tan
Year-end strategy to lower taxes for landlords
I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...
Daniel Dietz
What are Passive Loss Limits in an LLC with multiple members?
Hello All, I have been reading up a lot on Passive Losses lately as we have been looking at some larger properties and considering using Cost Segregation along with that. These purchases would be through LLCs that var...