Dennis Dempsey
Home Office/Self Employment Tax Question
I wanted to describe a situation and see if anyone can tell me what the tax implications are:
You get your real estate license to help with your part-time investing business and don't use it as a typical agent would....
Alfredo Cardenas
Reps Status (via wife) & Material Participation to offset W-2
Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
Petur Karlsson
Real Estate Professional Tax Status - Help!
Hello everyone!I'm knee deep in an lengthy rehab on my first BRRRR deal ever, in Sellersville, Bucks County PA.The project started in late February, DAYS before the pandemic came around. Talk about good timing... Anyw...
Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service? I was under the impression that you cannot, that they must be added to the ...
Account Closed
Accredited Investor, No Experience. Syndication vs Actively Owned
If you are an accredited investor and could start over again, would you actively own a property or invest in a reputable passive deal (Crowd-funding, Syndicate)? There's a lot of control with value add but passive dea...
Joseph Niedermeyer
Newbie question on personal income and rental income deductions
Long time lover of real estate but relative newbie to investing. It’s tax Season and in doing our 2019 taxes I asked about strategies for reducing taxes. I made just shy of $100k last year and want to start investing ...
Bruce D. Kowal
Material Participation for Real Estate Professionals
1] Lots of questions about how to qualify as a Real Estate Professional. The absolute best resource for this are the IRS Audit Techniques Guide for Passive Activities. In particular Chapters 2 and 4. This is writt...
Michael Martin
Another question about Solo 401K funds.
Hello all! I'm new to the forums and to the idea of real estate investing. I've been doing some research lately on the process of flipping houses and I'm intrigued by it all. I've also learned about using a Solo 401K ...
Scott Trench
REPS And Active Losses and Gains
Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving m...
Jalisa Vyernyy
New Member - Just started in Real Estate wholesaling
Just started, selling off market fixer uppers to investors in SoCal. Also have active listings all over California. Looking forward to making connections.