Adam Betley
Military member with a rental property
I am a military member who owns a home in Texas. I lived in that home as my primary residence from September 2005-August 2009. At that time I received orders outside of a 50 mile radius (Japan to be exact) and move...
Sam Leon
IRS Safe Harbor Rules questions
OK, I have done a bunch of reading and still finds some of the new rules confusing. So I have a few specific questions on these new safe harbor rules.There are some very helpful existing blogs and threads covering th...
Max Kats
1031 question on multi member LLC
I have been pondering this tax question for some time. Maybe you guys can help me out. If you own a property in an LLC and sell the underlying property who gets 1031 tax treatment. Do you have to purchase the new asse...
Bob Orange
1031 exchange, then into LLC
I have a property I would like to sell and use the 1031 exchange provision to buy another. My current property is in my personal name. I plan on exchanging into another property (possibly several) in my personal nam...
Andrea Smith
Farm to Vacation Rental
Can I use a 1031 exchange proceeds to buy a vacation rental in Hawaii?Thanks,Andrea
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Daniel Dietz
What Counts as Hours for Real Estate Proffesional Designation?
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
David Ramirez
How many doors/units before qualifying for REPS?
Good morning,
I am new to the real estate game, looking for our first fourplex now, just got pre-approved. Background: employed (w-2) as a physician, wife is a stay at home mom, also very interested in real estate an...
Chris Masons
1099 reporting confusion. Question for Tax Gurus
Ok, now I am really confused, last week there was a discussion as to if just a landlord receiving passive income (rental income) was required to issue 1099s and the general concensus was since they were not operating ...
Luke Siecinski
How to write off real estate education course purchased on taxes?
Hello!In 2022 I purchased a real estate course and am wondering if it's possible to write it off on my tax return. I have just one investment property that I rented out Feb-Dec of 2022. Other than that I am a full tim...