There are several different types of income in the US tax code.

Two main types are “active income” and “passive income".

Active income is money you earn from working, such as wages from a W-2 job or income from ...

Hello, I own a plumbing company with 40 + employees and mostly work under contractors that do remodel, new construction and commercial work. I want to know if this type of business qualifies as a “real estate professi...

Hey everyone i'm just wondering about ways i can get a mortgage loan for a property given my current situation. This was the previous thread i created; https://www.biggerpockets.com/forums/12/topics/594...I am not emp...

Does this seems familiar to anyone?  Some time ago, I recall reading online that owners can get the same notifications as architects from the building/zoning department(s).  To be more specific, when plans are submitt...

I recently closed on a 4Plex in Anchorage, AK, using an FHA mortgage. I'm in the process of completing renovations and upgrades, and by the time I'm finished I expect to have just over 20% equity in the property. I'm ...

am currently being

Hi everyone,There are 2 properties I'm interested-both homepath. First property-on homepath it says "under contract" and on MLS (according to my agent) it says "active". Second property-on homepath it says "back on ma...

Does anyone have a CPA recommendation for a CPA that specializes in Real Estate Professional Tax Status? Thanks!

I have my rentals set up in a C corp.  I also own another C Corp business which I receive a w-2 from.  I would like to raise my income on the non-real estate business, but want to have the REP tax status first to cut ...