Gilbert Lugo
Would I be eligible for tax credits?
Hello BP, last March I took the plunge and invested in my first duplex which I am house hacking. Throughout this time I’ve heard a few times how owning real estate is a great way to reap the tax benefits. I’m curious...
Kyle Hass
Newbie from Taylor, Texas
Hello everyone, My name is Kyle Hass. I'm a total newbie in real estate, eager to learn and get started. I'm a full time city employee with about 6 years left before I'm eligible for retirement from the city. My go...
Anthony Henderson
Expensing Property Management Costs
Hello,
Can a landlord expense for having a property management company? How does it work ? Thank you!
Ben Breuner
Tax Advice for US RE Investor Living Abroad
Hello,My partner and I have invested in 3 rental units in Missouri. We're US citizens, not married. We're now looking to move abroad to Germany for 1-2 years to work as expats. I'm looking for advice on how to handle ...
Adolf A.
Sect. 1231 Gains...Can they be classified as Partnership Income?
Below is the scenario that is unfolding for us. Looking to minimize taxes and and maximize retirement funding.Appreciate any insights.-------------------------------------------------------I am part of a multi member...
Jray Randall
Renting from your own LLC ?
I recently started a retail store and I am running the business in a building owned by my real estate LLC company. Is there any tax benefits from my retail store paying a higher or lower rent?
Matthew Trotter
Property Manager LLC
Did you set up an LLC to act as property manager? Does it shield you from liability? I've read a lot on NOLO that, in my state (Georgia), I am personally liable for all negligent acts I perform regardless of how my LL...
Stefano Bello
W-2 income vs rental income to please lenders for mortgages
Hello,
I'm an investor with small portfolio in Florida and have not been able to clarify this question.
I have owned for many years a corporation (C-corp) and pay myself a salary via a W-2 just like any other employ...
Account Closed
Tax Rates on Rental Income
Greetings All,
I am new to the real estate investing world, planning to make a purchase this summer. I was curious about how rental income is taxed, specifically in the state of GA. Does anyone know the current rates...
Account Closed
I doubt you can answer this...
I have two tax questions:1. Last year I earned income from 1099's as well as business income. Is it more advantageous for me tax-wise to apply my deductions to the 1099 or the business income?2. Last year, I made seve...