Merrill Delimont
Reinvest my monthly rental income to avoid claiming it on taxes
I have recently bought 1 property, and am in the process of buying the second one. The first home collected rent December 1, and I earned 500 over what I owe. My second property should make 700 each month. My plan ...
Taylor Jones
How to pay $0 in taxes on a STR generating over $120K in revenue
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
Hudson Doyle
Unexpected Paper Profit Tax Liability
I bought a 2 family the end of 2012 and have now completed my first year as a landlord. My accountant recently provided me with my Schedule E tax return for 2013 and I was surprised to see that my taxable income i...
Chris O'brien
How do taxes work as a landlord
You have to pay property taxes but are your leftover profits taxes the same as income from a regular job? If so can you write off expenses(i.e. maintenance)?
Account Closed
Life Insurance to avoid taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
Matthew Davey
Certified Public Accountant
In Search of Certified Public Accountant recommendations:I'm looking for a real estate specific CPA familiar with Florida laws. Able to meet quarterly for tax strategy planning. I would prefer local (Destin, Fort Walt...
Justin Burch
Realtor Tenant Finders Fee Write Off?
I bought a house recently as a rental property. I used the realtor to find a tenant in order to fill quickly. The agreement was 84% of the 1st month rent was to go to the agent ($1600 month/rent, $1344 to realtor). Th...
Thomas Dowell
Another SDIRA SD 401k question
I'm a new member here on the forum and have a couple questions about SDIRAs and SD-401ks. I'm just starting my career as an active duty military member but I also independent contractor work as a flight instructor...
Debbie C.
Can you use an S-Corp for rental income and expenses?
My husband has an S-Corp that he used for his previous work as an independent contractor (non-real estate related). We both own some rental properties (both our names on the titles) and have always used our personal b...
Matt Bailey
Best self-directed 401K/IRA - who do you recommend?
What self directed 401K/IRA do you use?Can you rollover a sep IRA into self directed?Can you roll your W2 401k into self directed?Anything to watch out for with this process?Thank you!