Aaron Moayed
Tax Questions - Building Spreadsheet
I'm building a spreadsheet, and I'm stuck on a part I'm not quite sure on:
Basically, I'm asking if dividend recapture amount is realized only if there's a gain on sale, and if it's dollar for dollar (e.g., $1,000 i...
Reggie Nworie
Dutch, Non-Dutch, or No Monthly Payments: Which repayment option is best?
Introduction:
In the world of investment real estate, there are many different ways to finance a fix-n-flip or fix-to-rent project. Those who choose to utilize the benefits of private money know that there are m...
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
Rick Barbato
Who is Itemizing taxes?
Can anyone tell me if itemizing investment property expenses makes a difference now with the new tax reform?I claim my wife and two kids. I have two duplexes and understand it that if I spend less then 24k in expense...
Steve Sandrews
Assets for FAFSA (Student Aid/Parent Asset)
Hi, i'm new to forum and searched this topic to no avail
I am completing my first kids FAFSA for college student Aid. They allow asset exclusion for farms and small businesses. They say if you have rental property...
Michael Plante
Check list for the rehab part of flipping?
Flipped my first place 30 years ago in Medina NY. Have done a few more since thenHave 4 more I am about to do. I think I can do the rehab part much more efficiently. Definitely not overly organized and am willing to...
Andrew Schultz
How do you categorize property expenses?
How do you break down your property expenses in to categories? For instance, Repairs, Bank Fees, Utilities, etc. I'm looking to improve the chart of accounts that I use to give the property owners I manage for a ...
Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
Spencer Speckles
Question about PropertyWare owner portal
My PM told me there is no way to post rent rolls in the owner portal of PropertyWare. Rent rolls is a basic document so I find it hard to believe this. Would someone help me figure this out? Thanks!
Derone Patterson
Taxes & rental income
Just purchased a duplex as an owner occupier with me living in the basement and renting out the top two floors. Just got my taxes done and I'm confused on how I go about getting my rental income reported to the IRS