Thomas M.
real estate tax code
Best books on real estate tax codes? I am not an accountant but want to make sure I thoroughly understand the tax benefits of real estate (added bonus I’m in NY if anyone has suggestions that are state specific )
Priya Daftary
Selling primary home in first 3 years of moving out
I moved out of my primary home back in mid July 2017. I had rented that house for the last 2.5 years and ready to sell it now to take benefit of the tax break. As per tax laws, I need to close the sale by mid July 202...
Joshua Kim reid
Question about the use of 401(k)/IRA in Real-Estate
Hey everyone! I was wanting to know if anyone would know the benefits of utilizing a 401(k) (if possible), as well as the uses of a IRA of any sort. Any and all feed back is appreciated!
Albert Rothe
W2 Tax Deduction with a Syndicate?
I was introduced to the world of passive real estate investing through syndications and there are many benefits that to continue to be shared, including bonus depreciation. I’m new to this world so I don’t fully unde...
Andrea Shields
LLC or NOT
Hello BP,
I have 2 SFR that I own (owned before I got married). I claim these on taxes, my husband and I have never filed taxes together as we both have things that we are sorting out before we can file joint...
Jake Ferris
Cost Segregation worth it on a 530k 5 plex
Closing tomorrow on a 5 plex in Superior WI. In the past, my old CPA told me a cost seg study wouldnt be worth it on a commercial building I owned that was only 295k. His reasoning was the amount I would save would be...
Julio Gonzalez
Car Washes and Their Unique Cost Segregation Study Benefits
Cost Segregation is a bit of a buzz word these days, but in case you aren’t familiar with what a cost segregation study is, let me explain. A cost segregation study is a strategic tax planning tool that separates the ...
Gustavo R.
Avoid double taxation while flipping in Baltimore but residing in Canada
Hello guys! Glad to be part of this community.
I live in Toronto, Canada but I'm starting my first flip now at the end of September in Baltimore/MD, closing is September 20th. The reason why I decided on Baltimore is...
John Hanna
Tax Question:. Do I make to much in my day job?
Greeting Bigger Pockets Family:
I have a few rentals that I could write-off some significant losses on but I was told by my tax preparer because I make over $150k/year I won't be able to take advantage of any signifi...
Steve T.
how to structure a partnership?
Hi, I am new here and am just learning about real estate before beginning. I was/am a university professor and although a lot of people think that is a prestigious job, it pays terribly. After many years, I make only ...