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Results (10000)
Bill Adams Highest Tax Bracket, Trying To Push Income To Next year - Tips?
8 December 2017 | 7 replies

Hi all, I have income that comes in from the highest tax bracket possible (over $1mm a year). I do have a strong CPA but was curious if anyone has any tips on things to look into that I might be able to do before the ...

Waylon Black Help understanding depreciation
31 August 2018 | 2 replies

I’ve read conflicting answers on depreciation and how or if it can be used against w2 income. I have decided to get started investing in rental houses and I’m trying to understand the tax side before buying anything. ...

Jeff Moule HELOC write-off when used for purchase of property
15 January 2020 | 5 replies

We used our existing HELOC for a 100% purchase of our latest rental property towards the end of last year. Can we write off the amount of the interest, $1446, as an expense for the rental property? The interest rate ...

Tom Mitchell Tax planning question
3 August 2018 | 2 replies

If one has a second home in a high-tax state that rents for more than 14 days a year and is used more than 14 days, would it make sense to convert it to a rental property, given the new tax law?

Brody Veilleux Cash flow is tax free??
7 November 2024 | 8 replies

I’m new to investing and I’ve been hearing cash flow is tax free. I can run the numbers for NOI-depreciation and this holds true, but not all of the operating expenses are deductible (or at least maintenance, vacancy ...

DeMonte Hester What Prices Should I Look For When House Hacking A Turnkey
16 February 2019 | 9 replies

So we’re planning on house hacking and getting into a 2 BR1BA duplex it’s currently priced at 160K the property is pretty much already rehabbed other than a few minor things (which is important to the wife for our fir...

Kyle Kipka Expenses across multiple properties
3 July 2024 | 9 replies

I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...

Amy Stanley cash-out on my investment property 1031 exchange?
11 September 2021 | 10 replies

I am doing a cash-out refinance on my investment property.  I will be using the money to invest in another investment property.  Do I have to put the money into a 1031 exchange if I plan on purchasing before the end o...

Julio Gonzalez Smart Strategies for Selling Your Investment Property
25 November 2024 | 0 replies

Selling an investment property can feel like a double-edged sword. While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits. For savvy investor...

Mark Anderson Depreciation Owner Occupied Vs. Rental Am I On the Right Path
25 October 2018 | 6 replies

I am currently looking into buying a rental property. However I will pursue the deal that makes the most sense and wanted to confirm I am on the right track in regards to my understanding of tax write offs. I plan on ...