Crystal Wilson
Colorado cpa taxes questions
bought my first condo in colorado springs. I live in denver. Bought it aug. 11th 2016. Started renting it out jan. 1st 2017. Got it with an fha loan. Not allowed to rent it out for a year.. Put about 5 grand into it. ...
Kodi Clark
Has Anyone Utilized 100% Bonus Depreciation for Tax? Thoughts?
Hi All! - Has Anyone utilized Bonus Depreciation on their rental property? - Did you use a Cost Segregation Study or did you do it yourself? A bit of background: Generally with real estate.. you deduct the loss of an ...
Ansari A.
Can expenses be carried over to next tax year?
Hello All, I purchased my first rental property in Houston on August 2017. I listed it for rent right after closing. House required painting and many small repairs (not improvements/capex from what I read from IRS rul...
Matt R.
security deposit question
A few weeks ago my tenant decided to move 3 family members into her unit. I found out and gave the 3 people a few weeks to move out and they did not. So I just gave them a 5 day notice, and they told me they would al...
Michelle Moss
health insurance
My husband and I own several rental properties in Cleveland and Lake county ohio. I have recently retired from a job where I had paid health insurance. We are currently looking for affordable health insurance. If...
Paresh Patel
Is there a tax deduction for loan default interest not-paid?
Hello. I would like to pose a question relating to the tax treatment of Loans made though any of the leading Real Estate Crowdfunding Portals that go into Default.Many of the CF sites may reasonably be expected to ev...
James Galla
SALT Deduction Limit
So, with the §164 SALT deduction limit at $10k, is there a business restructure workaround for scenarios where you have multiple properties with high aggregate property tax exceeding that $10k cap? Is it not something...
Kristen Watts
Will tax deductions negatively affect income for loans?
Hello all! Question for you: my accountant says I'm entitled to about $7,000 back on my tax return based on depreciation, expenses, etc. on my three properties (one my own home purchased in 2011 and the other two r...
Mindy Jensen
New Book!!! Tax Strategies for the Savvy Real Estate Investor
BiggerPockets is excited to introduce its newest book, The Book on Tax Strategies for the Savvy Real Estate Investor! Taxes! Boring and irritating, right?Perhaps. But if you want to succeed in real estate, your tax st...
Sean H.
traditional IRA contribution?
-im entirely self employedSo, im looking at tradtional IRA contribution for the year and its based on mgai. If i made 175k for the year, and contributed the maximal to my solo 401k (57k), does that effectively bring m...