Andrew Shippy
Naive tax rental question
This is the first year I have rented out my townhouse and have a question about filing and wanted others' thoughts. The home was purchased four years ago as a foreclosure and we made many capital improvements such as ...
Todd Goedeke
Solo 401k and Short Term Rentals
How can I use Solo 401k money to fund this investment? I lease a property which I have turned into a short term rental. I am the property manager taking care of marketing and day to day operations. Can I use funds fro...
Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Jeremiah Ramp
Opportunity Zones Benefits
Hello Bigger Pockets Community, I currently am looking at some properties in bend oregon that are in a designated opportunity zone area. The properties are a blank slate as there isnt much to them, but im looking for ...
Jesse Phillips
Tax benefits ifits to Multiflamiy
Been listening to Real Estate podcasts on BP. talking about tax benefits to investing in Multifamily. I have no experience in multifamily yet. Why are the tax benefits they speak of? Would like some explanation on th...
Jim Goebel
Opportunity Zones Research
Greetings all. After seeing 'Opportunity Zones' mentioned in a news article last week, I have it on my to-do list to research the landscape for these. I will be updating this thread as I learn relevant items. Pleas...
John Buchanan
Bonus Depreciation, New Windows and HVAC, Duplex
my duplex needs new windows and a new HVAC. my understanding is these two items might qualify for the 100% bonus depreciation. the property has generated very little rental for 2018. is it possible to pay for these ...
Wayne Walker
Like kind exchange rules
I have a rental property that I wish to sell and upgrade to a duplex. I have land in my possession and need to know if IRS like kind rules allow me to construct a duplex on the property. Does this qualify under the ...
Cody Mina
Just land tax deed redemption rights in Alabama
Hi everyone, I know that when you work or expend money on a house that you got from a tax deed in Alabama and is redeemed you get back your expenses but what about a tax deed that is just land with trees, do you get b...
Claude Niceman
Tracing funds from a Cash Out refi
See example belowBuy property 1mil 250k down 750k loan (ignore CC). NOI 80k, int exp 45k, post finance NOI 35k less depreciation 31k, taxable income 4kFast forward 7 years value is up 250k, income up, etc....do a 250k...