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Results (10000)
Ken Singh Out of State Passive Investment Taxes
9 January 2017 | 3 replies

I am in CA and thinking of buying 2/3 apartments in MI state managed by apartment complex management.What can I deduct from my expenses?1. Property Taxes (Y/N)2. Property Insurance (Y/N)3. Management Costs (Y/N)4. Mai...

Ngozi Iwunze TAX flipping to renting
11 February 2025 | 8 replies

Taxes
I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.

Jessica Seppo Capital Gains and Improvements
5 November 2019 | 0 replies

Hello! If I sell my primary residence within one year, can I still use the cost adjusted basis and count my improvements and commission paid to either breakeven or show a loss and avoid capital gains tax since it woul...

Sateesh Kumar Property tax deductions on W2 in Syndications
28 January 2024 | 10 replies

HelloI have a general question surrounding syndications .....multifamily, mobile home parks,self storage, industrial etc. Obviously sponsors / GPs have to deal with insurance, property taxes etc ,I would like to know ...

Scott Blackwill Multi-Family Syndication & Tax Depreciation
5 February 2020 | 18 replies

Can someone explain to me how tax depreciation works as an LP? At what point do I actually pay taxes on my capital gains? Is it really just deferment and at some point I'll have to pay on all of it?  Seems like a too...

Buddy Holmes Why can't a Passive Loss carry over to off set LTCG from sale of a Passive investment
9 October 2023 | 7 replies

Help please in learning how passive losses can offset Cap Gains.
I watched Brandon Hall's great #45 Daily Smart Tax video but my Turbo Tax seems to have a different opinion.
Form 8582 calculates Passive loss Limitat...

R Durney Passive Losses from Syndication for a Real Estate Professional
26 April 2022 | 4 replies

I am considering passive investing in real estate syndications, but have questions about the tax benefit of the depreciation/accelerated depreciation.I am currently in a field that would qualify me as a "real estate p...

Raul Cesar cortes strategically defaulting on 401k loan
30 October 2018 | 1 reply

i had a tremendous amount off losses this year, capital improvements.  i was thinking about defaulting on 401k loan due to the amount of losses i incurred and will not affect my credit

Nick K. Organizational Costs
13 April 2013 | 1 reply

I'm part of a 2 person LLC taxed as a Partnership. From what I understand the LLC can deduct organizational costs. Can somebody walk me through the accounting if Member A spent $1000 and Member B spent $500 on organiz...

Chris K. Tax 1031 off stock capital gains?
9 November 2020 | 2 replies

Let’s say I have 100K in long term capital gains from stock market that I have realized. Can I take this 100K of realized capital gains and use them for deposit in an investment property and avoid paying long term cap...