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Results (10000)
Nitish Gupta Offset W2 Taxes
6 October 2023 | 4 replies

I am not an accredited investor. If I invest into a multifamily house, eg 25k$ for a certain % ownsership into the LLC that was created by the actual entity for that house. Can I use the depreciation to offest my W2 t...

David Lao Interpretation of 8582 Special Allowance for Rental RE Activities
21 May 2021 | 1 reply

"Special Allowance for Rental Real Estate Activities
Active participation. If you actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from...

Joe Moore Property Tax Deductions
28 December 2017 | 5 replies

It is my  understanding that the new tax bill requires that in order to deduct 2017 property tax, it must be paid no later than December 31, 2017.  If paid next month in January which I always pay, I will not be allow...

Zoey W. I HOPE I am misunderstanding this... Colorado now limits tax deductions!!????
13 October 2023 | 4 replies

I hope I am misunderstanding this regarding new tax law in Calirado... sorry I meant Colorado...."Effective January 1, 2023, single filers are limited to $12,000 and joint filers are limited to $16,000 of deductions. ...

Edita D. Educational books, office supplies, a printer - can I deduct these?
12 December 2017 | 6 replies

Hey guys! I have 2 questions:

1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...

Ron Singh real estate for tax deduction (active involvement )
22 October 2023 | 4 replies

Similar to like Airbnb / short term rental, are there more options related to real estate investment, which can help with tax deduction (i.e w2 income ) what other strategies helping you ? (not looking for passive ...

Vik C. Depreciation Carryover and Recapture questions
6 August 2015 | 5 replies

1) Depreciation Carryover - Let's hypothetically say I have $100K in salary so that I qualify for $25K in passive activity loss deductions. In 2012, I take a $30K net loss from real estate operations. My understanding...

Ted Klein Taxes - Deducting Rehab Expenses, Available to Rent or Not??
11 February 2019 | 8 replies

I had recently purchased a duplex with one inherited tenant. The other unit needed a complete rehab. When is the property deemed available to rent? Would that be the date of purchase or the date that the rehab was com...

Anthony Zotto Election results and impact on real estate investing
11 November 2024 | 8 replies

I was just wondering everyone's thoughts on how the outcome of the election will impact small multifamily real estate?
Thanks!
AZ

Jonathan Petrillo Optimizing Mortgage Interest Deductions on Investment Props
19 April 2023 | 3 replies

Is there a way to fully realize mortgage interest deductions on several investment properties? Our current principals on our properties are over the $750k limit so we could not deduct all of the interest paid? Will mo...