Can anyone share proof that a federal K-1 can sometimes result in lost tax benefits? I was recently told that unless an investor is in the top income bracket(s), they will not fully realize the tax benefits of a K-1 w...
Hello all! We are relatively new at real estate investing, and are looking for ways to still secure properties in 2021 and benefit from a tax standpoint. We do not currently have REPS, therefore had heard a good way t...
I am looking at investing in a syndication which is structured as an LLC and taxed as a partnership. Will I pay self employment tax from any profit on this?
Hi, I am trying to analyze 1 property a day to practice, but also to find one to purchase. This one is a bit out of the city so I set a conservative rent amount of $1,200 for a 2/2. Similar units in a more dense area ...
As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...
I have read that if you charge reasonable rental and treat the tenant as you would any other tenant, you can possibly rent a property you exchanged into to a relative. Could you rent the property to yourself? I have s...
Keep hearing about new tax law, but haven’t heard how it will actually benefit us. Can someone please explain it where I can understand what this all means. Tax laws for Dummies, keep it simple lol
Good day – I hope everyone is having a great weekend – I have a question I am sure some folks here have run into previously.Disclaimer here – I am pretty new to BP and have been enjoying searching around and getting f...
Hey people anyone knows or anyone can recommend someone that can help me protect my rental profits form the IRS? I’ve been getting taxed to much money on my rental profits. Within these couple of years I have file a l...
Hi All,Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation. If we can swing it, we may also be able to purchase a LTR towards the end of the year...