Theresa White
Can my SDIRA lend to my husband's SDIRA?
Hi BP folks,So I've googled until I can google no more! I cannot find an answer to this question:Can my husband's IRA buy a property with a down payment, where the rest of the purchase price is covered by a private m...
Andrew Tabalbag
Investor Friendly Title Company in Seattle, WA
To fellow wholesalers in the Seattle area (particularly south King County) - who do you use as your closing agent for wholesale deals? I've reached out to a few locations of Fidelity National Title and Chicago Title, ...
Clifford Pereira
Real Estate Professional (REP) Status guidance
Hi, my wife and I started an Airbnb in Sacramento, CA, this year and are new to real estate investing. According to our understanding:1) California does not recognize REP status, but we could claim it on our federal t...
Matthew Kirkwold
Emergency Housing Voucher
Hello everyone, I recently had a potential tenant ask me about an emergency housing voucher and if I work with this program. She said it is due to a domestic violence issue. I am in South Dakota and I am not sure if t...
Account Closed
Congressional Reform Act of 2011
This is from an email I received this morning, July 6, 2011. If it is not appropriate here, please delete it. Thanks. Ofgift
“The Constitution is not an instrument for the government to restrain the people, it is a...
Eric P.
Rental Real Estate Loss Allowance making over $150k...
Can someone better help me understand how the Rental REal Estate Loss Allowance works? I was surprised to find out I'm going to owe $3,800 in taxes this year. I have just over $17,000 in losses from our rental prope...
Justin Scarborough
Oldie but Newbie from Central Ohio
hi everyone, Ive been lurking these boards for years, and have learned a lot here. Figured id join up and participate some. Ive been a landlord for 8 years ish. Ive done a few flips a little wholesaling etc. I make a ...
Shaun Ng
Wife is Real Estate Professional but Properties are jointly owned
Hi BP community, I need some advice.
Through advice here, my wife is a real estate professional starting 2 years back. But some of our properties are jointly owned.
We have not been claiming losses from those prope...
Winston A.
Form 8582 - Passive Activity Losses
Do I have to fill out Part II “Special Allowance for Rental Real Estate Activities with Active Participation” of form 8582 “Passive Activity Loss Limitations”?
I am married, and our combined AGI is $125,000.
We mak...
Joseph Martin
Real Estate professional & income loss
What is meant by “passive activity loss” for a real estate professional? I am currently 37% tax bracket and all passive activity losses are void for me (IRS form 8582).However, it states that “unless the taxpayer is a...