John Zhang
Is there a dollar limit on how much we can use real estate depreciation to offset W2
My wife is REPS status. I am a W2 employee. I used to believe that the limit is $500,000. But is it still true? Thanks in advance!
Etan Frankel
Opportunity Zones and Funds
I have 3 adjacent properties in the Los Angeles that are going to be in an Opportunity Zone.One thing I cant find is how to go about finding funding from Opportunity Funds if I want to re-develop the land. Is this som...
Franklin Lee
Unlimited tax deductions back in the days...
I heard from my dad that back 15 years ago when he was an active investor managing a rental business, he was allowed to take unlimited tax deductions...is this true?
Now, I know that you can ...
Denise Evans
Alabama Tax Sales 2020 Changes
Alabama tax sales law has changed dramatically. SB257, which was signed into law, changes interest rates to 8%. It might or might not be retroactive, depending on who you ask. Procedures for improvement payments up...
Stephen Thomas
How do I lower my W2 income?
HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...
Cooper Marcus
RE Professional - can I deduct losses from rental AND syndicate?
Assume that (in a given year) I'm a Real Estate Professional, and I've passed both the 750 hour test for my real estate activity and the 500 hour material participation test for a rental property I own and manage. Ass...
Leta Eydelberg
Real Estate Attorney and CPA consultation: best practices
Hello,We are looking for Real Estate Attorney and/or CPA to consult about best practices for buying and managing investment properties. A little of our background.We are located in North California. We owned one inves...
Eric A.
WSJ article: 'Real Estate Industry Braces for Tax Upheaval'
Has anybody else seen this article?http://www.wsj.com/articles/real-estate-industry-b...The general point is that while Trump's tax plan is silent on the subject, the GOP tax plan that has been gaining steam proposes ...
Paul Passafiume
Kentucky Tax...they are accusing me of not paying
Here's the skinny...I paid my 2017 Kentucky state income taxes on time and each quarter and correct. (most my income is self employed)KY has an online payment portal. Apparently there was a glitch or else I selected t...
George P.
offset rental income with rental loss ?
trying to find the answer but cannot find anything useful.... * I have a rental property that produces 7k rental income/yr.* I want buy a (vacation) rental property that will produce 9k of rental loss/yr.* our MAGI ex...