Debbie Berg
building more vacation cabins as a tax shelter?
Let's say someone had gotten a chunk of money, this year, and wanted to invest it to avoid as much tax as possible. Here's my idea, maybe someone can tell me if or why it is flawed... yep, I'm a newbie. I'll admit t...
Corrine Bordua
Big Tax Savings help build Real Estate Portfolio
Hey BiggerPockets, I recently have done a lot of reading about tax saving strategies for our business (we own a successful farming operation), and discovered multiple ways that we could save a TON on taxes - which mea...
Kyle Agius
Refinance effect on New Build Property Taxes- HELLPPPP!!!
A bit of a long story so I am going to structure this by first asking my two most important questions, followed by the situation and a few follow ups. Any help is much appreciated.My underlying questions are: 1.) Wi...
Kumar Ku
Separating cost of land and buildings - Tax purpose
What is qualified as a reliable online tool/website for tax purposes to calculate the current home value so I can calculate the land value? From my county property assessor's website, the land/building percentage is 2...
Account Closed
Property Tax Units differ from building certificate units
Hi everyone - I'm buying a property where the Chicago property tax registry acknowledges 3 units in a single-family (RS-3) two-flat dwelling while a building certificate the seller ordered registers the property as ha...
Winston A.
Calculating Building Basis - Appraisal vs Tax County Assessor
I’m trying to determine my Building basis for depreciation.
Should I use the lower of appraisal cost vs county tax assessor? Or does the IRS favor one over the other?
My appraisal cost gives a lower percentage to b...
Will Bradshaw
Fire damaged building restored with historic tax credits
Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $425,000
Cash invested: $900,000
Antebellum home that had been converted to apartments by previous owner that was badl...
Ronak Patel
Tax Benefits to Building & Owning an ADU
Hi All -Anyone have experience creating an LLC for building and managing a new ADU construction? Did you find it beneficial vs not creating the LLC or any type of pass through entity?Listed some of the tax benefits yo...
Kymberly Chase
Purchasing New Build as Investment property/tax shelter
Considering buying a new build but on the fence: I'm an agent- will make 5% commission, builder paying closing costs & rate buy down so can purchase a $289k SFH for $45k out of pocket in an A rated school system, ...
John Michael
Multifamily Building Buy/Sale Same Year Hopefully Simple Tax ??
i am a retired teacher. I use Turbo Tax. In January 2016, I purchased a four family apartment building here in Cincinnati for $100k. It was completely rehabbed with an additional $150k. The total investment of $25...