Rich Thomas
Self employment tax from syndication
I am looking at investing in a syndication which is structured as an LLC and taxed as a partnership. Will I pay self employment tax from any profit on this?
Sam McPeek
Partnership Structure and Taxes
I've searched the forums and I can't find direct answers to my questions. I am looking at starting a partnership(s) in order to invest in buy & hold rental properties, where I bring the deal and management and the...
Wade Chilcoat
Obtaining "Real Estate Professional Status" as Consultant?
Hi everyone,My wife and I currently live in South Korea and plan on moving back to the USA in early 2019. Right now we own 9 turnkey SFH's and plan on having 24 by the end of the year, maxing out our 20 Fannie Mae all...
Pat Goodyear
I can't get a straight answer...
I have 16 rental properties. I have one under contract now. My basis is $78k and my sale price is $190k. My carry-over passive losses are $147K from all the 16 properties. My MAGI is >$100K; so I am having carry-ov...
Justin Moy
A Small Underwriting Detail That All Passive Investors Should Understand
One of the most common oversights I see that passive investors don’t question enough is the relation between loss to lease and vacancy rates. Loss to lease is the difference between what the sponsors feel market ren...
Bryan Richardson
Tax on private money
If I raise private money from a co worker or family, Do I need to w9 them? Does any thing need to be done for taxes? My company is in a llc.
David D'Ambrosio
Multi-property 1031 exchange
Can someone give me some guidance about what happens after the 1031 exchange is completed and you subsequently sell the house? In this case, I sold one home and exchanged it for 8. I am now thinking about selling on...
Will Barnard
"Operating Expenses" & the 50% rule
There has been a ton of discussions and controversies regarding the 50% rule. In case you have been on the planet Jupiter the last few years, the 50% rule (a rule of thumb or quick analysis tool) states that "operatin...
Account Closed
10 Biden tax plans that will sail through a Democratic-controlled
https://www.marketwatch.com/st...
Higher maximum rate
The pre-election Biden
tax plan would raise the top individual federal income rate on ordinary
income and net short-term capital gains back to 39.6%, the to...
Donald Hendricks
Can Buyer Pay Sellers Capital Gains Tax?
I purchased my home & land in December 2014. Since that time my neighbor sold his land and the new owner and I have been fueding. The new neighbor wants to buy me out. I have agreed to sell, but not until Decem...