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Results (10000)
Anh Le Why depreciation is an advantage?
28 October 2019 | 3 replies

I'm new to the game and confused about the depreciation if someone could help me understand it better.
I have watched so many videos and google everyone says depreciation is a big advantage.
here is what I confused ...

Marc Estepa Attn Tax Professionals! Need guidance with business tax write off
15 November 2020 | 3 replies

As a landlord currently managing properties, everyone says that you are running a business. In doing so, do you get all the traditional protections and tax write offs as any other business owner?  Doing my taxes last ...

Manish Shah Using HELOC on primary residency for investing
16 October 2016 | 7 replies

I read many places about investors using HELOC on primary residency to buy investment property. Here is my question. The interest on investment loan is a valid expense that you can take out from your income for tax pu...

John K. Schedule E, Rental Partnership - Unreimbursed Partnership Expense
9 December 2015 | 4 replies

Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works.  Since we use our personal vehicles...

Ken T. Depreciation with Turnkey Properties
17 February 2018 | 4 replies

I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material...

Rich Weese If you DON'T get all warm and fuzzy when you pay income taxes---
31 July 2009 | 7 replies

I've tried to post this as a reply etc and it doesn't show up, so I'm trying it from new perspective!! I think it is worthwhile.
I promised my wife I'd work with her and be available to help with the income taxes ...

Matt Davis CPA Question: Separate Management and Real Estate LLCs
18 February 2021 | 3 replies

I am a partner in a three-member LLC that holds a multifamily in Lowell Massachusetts.
Currently, I am providing property management services for the building. The other members are not involved in property manageme...

Eric Lunsford Tax implications for a private lender
26 April 2024 | 18 replies

I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...

Marek Kucharski Returning deposits: Are invoices needed?
21 February 2023 | 6 replies

Hello Everyone, 

My tenants have recently moved out, leaving the house in less than ideal condition. The condition of some walls went beyond normal wear and tear and the house in general was left quite dirty. I dec...

Chris L. Can I deduct passive losses the year my rental property sold?
13 December 2024 | 6 replies

I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...