Andrew Hernandez
2/2 Condo in rural Miami Dade, deal or no deal
Hi, I am trying to analyze 1 property a day to practice, but also to find one to purchase. This one is a bit out of the city so I set a conservative rent amount of $1,200 for a 2/2. Similar units in a more dense area ...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Vince Liu
Deduct Loss created by Depreciation Expenses
Hi Tax Experts,I learned in a article that you can actually use the loss created by your real estate investments (of course it's not realized loss) to offset your W-2 wages and other income. Is that true? Is there ce...
Keith Hoffman II
Tax Deduction for Rental Property Mortgage Interest
My accountant told me that b/c my income is over 150K, the interest paid on my rental property mortgages are not deductible. I would only be able to claim these ductions if my income falls below 150K or when I sell ...
Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Matthew Gundersen
Multi-Family Home Insurance Policy in NJ
Good afternoon BP, I am currently looking at purchasing my first investment. It is a triplex and looks to be a sound fist investment. I am wondering what kind of insurance I will need as I will be both living in one u...
Jonathan Small
$25,000 Special Allowance for Rental Real Estate Activities With Active Participation
I am thankful and looking for feedback from our professional tax preparers. My wife and I don't qualify for real estate professional status. We make over 150k a yr. We have 5 rentals in seperate LLCs that have creat...
Patty Puckett
LLC Loss - How to take the loss? One year or spread out on taxes?
Our LLC bought a Multifamily zoned property to build a subdivision. We spent about $100,000 with all the costs to get to the PUD Tentative map stage. We decided because of health issues not to build and to sell. The...
Ryan Tyree
Help understanding a LP K-1 net loss
I invested in 7 syndication funds in 2023 as a limited partner with the expectation that I would generate first year losses from cost segregation that I could use to offset my gains on my personal real estate investme...
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...