Hey everyone,If one does not form an LLC and still invests in RE continually under their own name can they still write off travel, hotel stays, meals, educational material, seminar attendance costs, purchase of a car,...
Hi BP,I am considering a investment in a vacation rental in Oakhurst, CA (Near Yosemite & Bass Lake). My biggest hang up at the moment is accurately forecasting occupancy rates during Peak and Off-Peak seasons. Do...
I was having a conversation about CPAs and bookkeepers and wanted to get your opinions on the pros and cons of using a CPA and bookkeeper who are the same person or part of the same company, versus a completely differ...
Real estate has long been a favored investment avenue due to its potential for appreciation, steady cash flow, and diversification benefits. Beyond these financial gains, savvy investors also benefit from various tax ...
Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...
The 179D Energy Policy Act gives taxpayers a deduction for installing energy efficient assets such as the building envelope, HVAC and lighting. It is for apartment buildings greater than 4 stories and newly constructe...
I can't find much discussion of this, which makes me suspect I haven't actually stumbled onto some magical tax loophole. But what discussion I can find seems to indicate it applies to some real estate activities. Hopi...
I have done some searching on this and have not found a straight answer. Does one have to be a "real estate pro" in the eyes of the IRS to qualify for the Sec 179 deduction? Or can you qualify by only being an "active...
This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...
5 Tax Mitigation Strategies Every Real Estate Investor Should Know
As a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio. Yet, many investors overloo...