Clare Cui
Co-signers? (skittish from bad experience)
Hello all,I do a rent by room strategy outside of Denver proper, and in the past have been burned a common denominator of two tenant that I allowed co-signers were not a good fit. One tenant in particular that was a n...
Darrell Wallace
Did Stimulus Bill include change to depreciation limits?
I ran across an article (I think it was CNN) that made reference to some change to the tax code that was included in this new stimulus bill. Something about a change to depreciation limits. The article framed it as ...
Rud Sev
Carry back or forward loss from sale of real estate
Hello,
I sold 2 properties at a loss in 2023, and one property for a small gain in 2023. When looking at my tax return from my CPA, the losses and gains show up on Form 4797 (Part I for the losses and the gain in Par...
Sarah Lawrence
Real estate professional criteria
Hi, I am very new to real estate investing. We have a had rental property for several years, but I want to take this to the next level. We have a major repair in our rental this year and I know that we are going to ...
Jason Kahan
Cost Segregation effect on Standard Deduction
Hi, I make less than $100k from my w2 job and did a cost segregation study on my property. My understanding is that I can deduct up to $25k from my w2 income. Does that mean I can’t take the standard deduction?
William Coet
Suing Previous Tenant. Serious Damage. Cannot Rent Apartment.
Can a tenant be sued SUCCESSFULLY for loss of income if they left behind damage that requires time and money to repair and prevents the apartment from being rented to new tenants?This seems to be no different than if ...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...
Alfred Bell
RE valuations will continue to drop.
I had said in my earlier post that prices would continue to drop and some questioned me. Here is some recent data that supports my projection.
Bloomberg: Housing Prices...
Ian Salinas
LLC or to not LLC for tax benefits
This year is the first year I am filling taxes with my rental property. My tax preparer told me that I cannot really benefit from my rental write offs due to my W2 job. He advised that I should maybe look into putting...
Santiago Valdez
Good Morning I have a tax question for rentals and a W2 job
My name is Santiago V. My wife is Irene V. Good morning we are investing in the El Paso, Las Cruces and Alamogordo area. We are buying and holding mainly right now getting ready for retiring from our W2 jobs. With bot...