Hi BP community,Does gifting money reduce your taxable income? I know the limit is $15,000 for tax free gift, but does it reduce the gifter's income for that year? Say you make $90,000 and you want to find someway to ...

My wife and I own 3 rental properties and our primary house. We both have W2 jobs and gross about $130k together. We are not real estate professionals. My CPA says it’s best for us to take the standard deduction despi...

Hello all!I am looking to buy my first multi family but need to make sure I understand my monthly payments to find the best deal. Unfortunately this includes figuring out taxes. I am trying to wrap my head around asse...

Doing some year end math and I'm looking back across the last few years. On a SFH the second year the cash flow to taxable income on my sch E was .39. It jumped to .81 and .84 the next two years (if I did my quick cal...

I am new. I have been working with the Property Analysis Worksheet and have a question about depreciation. Depreciation is the amount we can claim as a loss each year against our profit. If the property real...

So, I know this isn't related to real estate, but it does deal with taxes and investing, so I figured some of you guys would have some good suggestions.

Someone I know was in a car accident and he will be receiving a...

Question for the veteran or financial expert of the bigger pocket community. My RE partner and I had our first big success in the BRRR method in the past month. My question revolves around taxes owed. Here are the rou...

I'm super confused as to the pros and cons of each of these entities.  I don't have money of my own to invest with so I am starting out by Wholesaling.  I've taken a class and have been made aware of 3 options I can s...

Hi --
I wanted to share my basic outline of my business plan here, and get some critique, if possible. I'm a little stuck on an "exit" strategy in that, in the interest of lowering taxes, I may NEVER exit, and instead...

Hi everybody,I am pretty new to BP but it looks like a fantastic website and community..I started investing in Hartford a while ago so i can defiantly use advice from people having experience in this field.  I current...