Michelle Robinson
Can you buy a property that is scheduled for a tax auction?
Hey everyone! I've been trying to find information online, but have yet to find anything. Is buying a property from the homeowner BEFORE the tax sale possible? The only information I've found online is purchasing at t...
Josh Smith
Part rental: Mortgage interest+Property tax distribution between 1040-Schedule-A and
Title: Part rental: Mortgage interest+Property tax distribution between 1040-Schedule-A and Schedule E
I was doing a review of at my past tax returns which I have a tax firm file. For my part-owner-occupied-rental ...
Ben Hughes
Partnership with Relative
So me and my father-in-law have verbally agreed to form a partnership for investing purposes. I've already opened an bank account for it. I put in 75% and he put in 25%. Anyone have a form to make stuff like this o...
Corbin E.
High sales price or too conservative of assumptions? (4 plexes)
Per the title, I am evaluating small multi's on the MLX (duplex - quad size) and have found 90% of the deals I encounter don't pencil. The confusing part to me is that the MLS listings will provide the 1) Gross Annual...
Michael Politi
UBIT Implications for Preferred Equity Investment
I am considering investing in a Preferred Equity Syndication. The pref equity would pay out a 7% (annualized) quarterly distribution and a 7% back end return when the pref equity capital is returned. The capital stack...
Alex R.
The importanc of reviewing the Tax Form 1040 schedule E before purchasing a rental property
why is it so important to review this form before buying a rental property and where can I obtain one for the property I am considering to buy
Will B.
Taxation of Unrecaptured Section 1250 Gains
Hello!Set of facts:- Lived in a residential unit as a primary residence for a number of years.- Converted to rental and depreciated it for 2 years.- Sold in 2023.- Purchase price: $250k- Sale price: $350k- Depreciatio...
David Wilkes
Family Loan w/ Single-Member LLC Question
Hi All!Brand new to BiggerPockets and am hoping that someone out in the forum community may be able to provide a bit of guidance on an interesting topic for me. As a bit of background, I'm a resident of New York stat...
Ryan Fox
Where to find cost basis in tax return?
I own about 16 rental properties. From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications. Then there's a long wait... Is there somewh...
Brian S.
Is Schedule E and/or C required?
Hi All, I have an LLC and recently completed my K1 return for my LLC. My question is, for my personal tax return, do I need to complete the Schedule E and/or Schedule C? Or is this not required for my personal return,...