Hi Guys! I am new to the Bigger Pockets Family.  But I am in great distress seeing how much taxes are deducted from my W2 income.  I need help with understanding how to reduce my taxable income strategically through s...

I know some landlords that manage their own properties and collect their rents personally. I know some that record this income on their taxes and some that don't. Should landlords file rental income on their taxes or ...

"Maximizing Real Estate Profits: The Power of Wholesaling and Brokering Private/Hard Money"
Introduction:
In the dynamic world of real estate investment, the savvy investor is always on the lookout for innovative st...

Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...

This may not be a "creative RE Financing" topic - so please forgive me!I'm just starting out to build my portfolio -- (I have a SFH that is  LT rental and have done that kind of thing for years...but moving on into mo...

Along with Material Participation as a Real Estate Professional, you might also want to consider grouping your activities together. So a common question that I get is-

Do I need to group my rental activities together...

I am in the process of investing in a multi family syndication. The management team plans to do a cost segregation study (closing on property in 2022). My question is can I use the accelerates/ bonus depreciation agai...

Depreciation(almost 35% of income), taxes(almost 35% of income), mortgage interest(almost 40% of income) lowering tax return this year taking my business income to negative value. Last year also it lowered to much mor...

💡 There are three major categories of income recognized by the Internal Revenue Service (IRS):
📌Portfolio Income
📌Earned Income
✅Passive Income
Nearly everyone is familiar with earned income. It is the income you ...

Hi everyone, question around tax deductions for investment properties. We purchased our first investment property last year and just met with our accountant to file our taxes. He informed us we cannot deduct any of ...