Victor Baronich
Real Estate Professional Tax Status question
I have my rentals set up in a C corp. I also own another C Corp business which I receive a w-2 from. I would like to raise my income on the non-real estate business, but want to have the REP tax status first to cut ...
Faiz Kanash
Question about how Gross income should be reported on a flipping business...
Hopefully this doesn't sound more complex than I need it to be. I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly. Im a fix n flipper, and this is my first year re...
Michael Kim
taxes on non-passive income using passive activity losses
is there any way I can use passive activity losses (from rentals) to offset non-passive income? There seems to be some suggestion that by becoming a real estate profession, there are ways you can do this, but I keep ...
Gp G.
tax strategy active loss vs passive loss
My tax consultant says if I do an active loss type of tax return I get more return but I lose on capital gain tax if I decide to sell these rental properties in future. But if I do a passive loss type of tax return ...
Bryan Pham
What are the tax implications of buying property in Canada?
Hi BP,2 months, I traveled to Vancouver, Canada and I noticed a lot of real estate activities going on. I been wondering as an invest from the US, what are the legal and tax implications of owning properties up there?
Sean Gallagher
Cost seg / accelerated depreciation to offset W2 - thoughts
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
Mark Betche
Depreciating Investment property
I just read in a book that you can depreciate your investment property. Does anyone know the formula for doing this?
Bryan Odom
Can you write off expenses that were incurred before you bought a property?
Hello everyone,I'm a new investor and haven't bought a property yet. I've read that you can write off expenses such as conference registration fees and mileage. I plan to purchase my first property before it's time to...
Ian Brown
Pocket Listing Purchase - FL 8 Unit Value-Add Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $220,000
Cash invested: $10,000
Sale price: $360,000
8 Unit Value-Add C class MFR in Jacksonville FL
Pur...
Serkan Durmus
How do you structure your partnerships?
I'm looking into getting started in real estate investing. Been reading some of the content here, listening to the podcasts and also watching some youtube videos (biggerpockets, stephen graham, meetkevin). I'm still l...