Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Matt S.
Looking for help for realtor tax planning
I'm a new realtor (mid career shift with a spouse that's still salaried). I'm making a number of life changes over the next 6 months that will have a large effect on my taxes. I've been searching for understanding on ...
Jennifer Van vlymen
New tax law on HELOC
Looking for answers about HELOC live in California With the new tax law in 2019 My husband and I have enough equity in our house to pull out a HELOC was wondering if it’s still taxable if we use it towards the purchas...
Tech Cheng
Cares act distribution vs SDIRA
I’m looking to use retirement fund to invest. Heard about the Cares act distribution (if you’ve faced covid hardship-which I am)So wondering if it’s better to take the 401k funds out before end of 2020 (tax breaks) Vs...
Matt Sora
Real estate tax deductions
I was wondering if anyone knew more about the tax deductions that come with your properties. I know of the certain ones that you can write off but I was wondering if there is a certain amount you are only able to writ...
Steve R.
Is this Deductible Mileage or is it part of my Commute?
Hi All,I'm confused about whether I can deduct this mileage. Here is the situation...I commute 15 miles to work every morning and after work I often stop by one of my rentals, which are in the same town, to pick up re...
Account Closed
Deductible for flips & rentals
After 10 years of investing in real estate I just made my first claim. What a pain in the you know what.
Well I have decided my deductibles are to high now. I was using 2% of the property value as my deductible. Now...
Brian Schmelzlen
Bad News for Buy and Hold Residential Investors
For the past 8 months, tax professionals have been studying Section 199A (the 20% pass-through business deduction) and trying to position their clients to best be able to maximize their deduction. However, we have be...
JAY SHETH
LLC as Rental property Manager only to showcase as business income
Hello,I am rookie who is ready to make my first primary home as a rental property. I will be moving out of my primary home and make it rental house. The deed and mortgages are on our personal names. I have few questio...
Shea Spinelli
Deduct or Capitalize - Placed in Service Exception
Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...