From my research, I understood that my rental property paper losses could offset my W2 income/capital gains if: (1) my AGI is under $150k, (2) the property is a short-term rental, or (3) I have a Real Estate Professio...

HI-
We are beginning RE investors based out of Orange County, CA, and Metro Washington DC. My wife and I have high-paying W2 jobs and are looking to invest in RE to offset taxes associated with our W2 jobs. Cash flow...

Hey Everyone,This is the first year we will have rental property on our tax returns.  I'm familiar with W2 income and income from our other businesses (LLCs).  However, I'm not clear on the active vs. passive rules wh...

Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will  be used...

Hi, I need a bank that knows how to deal with RE investors. I have a few rentals and all my income is from the rentals... but I have several deductions every year and end up with "paper losses". I tried all kinds of b...

Hi All! We are about to pull the trigger on a cost segregation study on our commercial building. I feel like we have done our due diligence...
-Vetted a reputable firm. 
-We qualify for RE professional status and me...

A recent tax court case shows why the IRS is so successful in winning REP cases against taxpayers.  The case Gregory F. Teague et al. v. Commissioner was pretty easy for the IRS to win.  Honestly, quite surprised this...

Hi BP Community, 
I am a little hazy on tax code section 179. 
I am a reasonably high income earner (W2) and gaining momentum in the RE investing world. I am looking into getting my RE license and opening up a manag...

Hey all,I will be extending an offer tonight for a multi-family home that I would be living in. It is a two family home; I will live in one unit and rent out the other. I am trying to get a full understanding of the e...

Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule? The first two CPAs I reached out to advised against this. Looking for someone who is suc...