Jeremy England
Reducing tax liability with f/t work and one rental property
Good morning all, so I recently did my taxes. I used Turbo tax deluxe. Anyway, it was a good year money wise. Better than usual obviously because we owe the IRS about 2800 dollars. I have 1 rental property and bel...
Tiffy W.
LLC's R/E losses to Personal Income tax 1040
Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...
Erik Pacpaco
How many exemptions should I put with paycheck?
Hello, my mom once told me to increase the number of exemptions with my job so that I will pay less in taxes and get the most return with each paycheck. The reason behind that is because you're technically giving the ...
Frank McGovern
Chicago offers free legal eviction rep to low-income renters
The Chicago Department of Housing on Monday chose two nonprofits to provide free legal help to low-income tenants “at risk of or subject to eviction or lock-out” in Chicago.https://chicago.suntimes.com/c...
Roy Mitle
offsetting real estate losses with non real estate syndicates
I have a rental that has passive losses.It just keeps going up every year. I do not ever intend to sell the rental and just pass it onto my kids so I'd rather not have this carry over.I could buy into a good real esta...
Jenessa NeSmith
CPA Recommendations Omaha
Recommendations for a CPA in Omaha? Preferably one who knows about both real estate investing and using airbnb. Want to make sure everything is good to go before tax season comes up, and look into starting a LLC or S...
Brent M.
Goals for 2016/2017!
Thought I would post this to make it official and "hold my feet to the fire" or some other applicable cliche. I'm in the process of selling and 1031ing 350k of equity from another state and buying multi family in Jac...
Brian Carmichael
Sell all real estate in IRA account
Why don’t I purchase a house under my LLC then overtime sell it to my personal retirement IRA at a discounted rate. Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted...
Sakura Myers
Initial Legal and Tax Setup for Newbie Investors
Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...
Nick Parenti
Self-Employed Looking for Lending Information
Hello all,My wife and I are looking to purchase a house-hack in the southern New Hampshire area. My question is in regard to getting funding for a loan due to my income. My wife has a W2 income. For myself, I own an e...