Gary Li
Can I convert Rental Income from Schedule E to Active Income on Schedule C?
I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Mark Tanner
Tax Question From Today's BP Podcast
On today's Bigger Pockets Podcast, Amanda Han said the following: "Let’s say you’re someone who is a high W2 income earner and you’re at the over 50% tax rate between federal and state. So even if you have a small sin...
Edward Stephens
Limited Partner (LP) write offs in syndications?
Hi BP! I am a real estate broker and also owner of my own rental properties. I recently invested in a multifamily syndication and received a K1. My CPA has instructed me that the depreciation I take from that parti...
Pratik Jhaveri
Can you pass through rental income loss using an LLC?
Hi,I'm in the process of closing on a MFH and am getting mixed advice from two CPAs (one of them is my current CPA). At this time we are going to take title as individuals as one of the units with be owner-occupied by...
Brian Walters
Real estate with W2
Hello everyone,My wife and I are going to be starting new jobs. We are in our 20's and we will both be W2. We will be very far into the 39.6% federal level. We were interested in real estate investing to help offset t...
Cori Carl
Owning real estate in the US and filing taxes in Canada
Determining my tax liabilities for real estate I own in the US as a US resident is easy. However, guesstimating my tax liabilities for US real estate income as a Canadian resident is harder to pin down.Do any of you h...
Julio Gonzalez
Real Estate Tax Deductions Part II
In part II of Real Estate Tax Deductions, I want to talk about the Passive vs. Non-Passive Rule. If your income is less than $150,000 per year, you are allowed to claim up to $25,000 in passive losses. Rental income f...
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
Real estate investors should consider key tax aspects for financial optimization and compliance. Given potential tax law changes, consulting a professional is crucial. General considerations include:Income Taxes- Re...
Mark S.
FIRE Strategy for High Income Earners
Financial Independence Retire Early (FIRE). It seems to be everywhere these days. I just heard on a podcast that there is a movie coming out in a few months about the FIRE movement - which sounds awesome. I'm sure ...