Ron Singh
Tax deductions and advantages for : Syndications VS buying+managing mf property
Exploring pros and cons and also evaluating what option provides more advantages to w2 earner in terms of better tax deductions - A. Syndications: will get K1 form, what does it include ? prop tax,mortgage interest an...
Adam Sankowski
Any REI tax pro or genius recommendations for Boston Somerville
Hey, trying to get my head around the new REI tax laws and I've got a bunch of questions. I've looked into hiring a firm to help but they are thousands and thousands and I don't even know what I need until I get some...
Stuart M.
Pub 527 says don't include certain closing costs in basis?
In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...
James Campbell
HELOC in Rhode Island
Hello everyone,
I'm looking to open a HELOC on my primary residence in Smithfield, RI. Does anyone know any good banks or cu's that offer the lowest rates, highest LTV and $0 initial draw? Im looking online at Pawtuc...
Tom Dever
Tax profitable rental agi over 150k example
I've searched the forum and still have questions so creating a post. I get that the ability to deduct passive losses phases out completely over 150k and that they carry forward. Can someone point to an example when th...
Jesse Glenn
Air bnb insurance w hail damage deductibles
Currently dealing with Colorado Springs insurance companies changing their policies in regards to hail damage. Does anyone use an insurance company in El Paso county/Colorado Springs that has fixed prices for hail da...
Brian Keeler
Depreciation - Above or Below the Line?
Hi All,I am looking over a Statement of Revenues and Expenses for a hotel. I noticed Amortization under Operating Expenses and I was wondering if one would want to include that number in the NOI or not.Thanks
Uri E.
Closing on a rental, no income, only expenses - tax deductible?
I am closing on a rental SFR and have expenses and closing costs.Will not have any income on this property, for 2020.Will closing costs, repairs, and all other expenses allowed as deductible on my tax return for 2020?
Autumn Allen
Health insurance when you invest full time?
I can imagine a lot of you are successfully leaving your 9-5 job to pursue real estate investing full time. One day soon that is my goal but I wonder- how do you find health insurance for you and your family now that ...
Account Closed
As investors, at what point can we deduct "Business" expenses?
Good Morning All!I now have 3 properties under my belt - all from 2018. I am testin for my Sales Agent License tomorrow and am constantly looking for ways to invest my growing my business. I'd like some simple guidanc...