We converted a second home in FL to a LTR but have not changed ownership to our LLC. There’s quite a bit of gains and the plan is to 1031 exchange the property, which we’ve never done before, after two or more years o...

It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...

Hi BP Community! I hold a number of 4-plexes in my personal name and am considering selling them to purchase a larger multi-family property. The larger property will be required to be held in an LLC. If I am the only ...

Greg Abbott’s $18 billion tax cut package for Texas homeowners came into force on Monday, but many residents complained to Newsweek that they are still facing impossibly high taxes on their homes.
Property Taxes by t...

It's been a while since i posted anything.  I'm currently the owner of a couple long term and a couple short term rentals.  My second long term was just purchased via a 1031 exchange after selling our third short term...

My husband and I own 6 rental properties. His sister and 3 children moved into one fully intending to pay rent. However she fell ill, lost her job, and has not paid but a few months rent this year. Of course my questi...

Anyone paying attention noticed a pretty significant perk for RE investors. The current bonus depreciation rules mean large year 1-5 depreciation and many investors stack large NOL carryforwards. Some are advising tha...

Hello all need some help regarding taxes, I’m a real estate agent for 2 years glad to say I’m ready to buy an investment property nothing expensive around $250K in Las Vegas, I’ve never filed taxes before never had t...

Hello BP,I have multiple rentals ,which I manage via 2 LLCs . Due to an error in my property management software, the rent from one unit owned by LLC A ended up being credited on the account of LLC B. The 2 LLC have n...

Hi everyone,
I have a client that has a duplex rental in California. Her property manager has been submitting nonresident withholding payments to CA as required by law. We just filed her 2018 CA tax return and she re...