Tobias Joneses
irs form 8582 unallowed and allowed losses
Hello, I have a question. Say I have a net loss of 20k. 4 properties each have 5k loss. The allowed loss for each is 3k and unallowed is 2k. for next year am I allowed to carry over the net loss 20k? or just the u...
John Richards
sold rental in Jan 2017 - taxes?
Hello to all. First, a little background............I live in ID and this past Jan (2017) I sold an income rental property that was located in NV. I originally bought the house in Oct.2008 and paid cash ($98k), in ful...
Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
Matthew Banks
Property Insurance - deductible level, ways to reduce premium, student tenant policy
Hey, we own/manage a handful of rental properties. We have a very low deductible ($1k) and I'm wondering what the norm is/should be for a rental? We could likely get by with something far higher ($5-10k) and I imagine...
Joshua Acosta
How to reduce risk
Hello everyone, I've been looking into investing in real estate for some time now. I don't have money to invest so I have been reaching out to people I know who would like to invest their money. Questions I have been ...
Steven Gesis
#1 Most Costly Tenant Turnover Cost for Owners/Landlords
So, I have been evaluating and conducting research on most costly turnover expenses, I have a few that have made my top (5) list. I am curios to hear from other BP Members, what there most costly expenses are for tena...
Charit P.
Taxes on multi-family syndication
Hoping someone with syndication and tax knowledge can answer my question. My first LP multi-family syndication deal sold for a profit in 2022. When I sum up the tax losses claimed during the first 2 years of the deal ...
Charles Mangum
Should I try to minimize losses if I phase out for most of them anyway?
I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...
Eric Lee
Passive loss carryover, should it be minimized?
Hello,
We are learning more of the in's and out's of depreciation, trying to decide how to handle depreciation on some properties.
Basically:
* Our AGI is past the point where we can deduct any passive loss carryo...
Adam Sieg
Real Estate Professional
Came across the concept of real estate professional recently and was curious if anyone had elected to pursue this status. I understand the time requirements and being part time the 50% shouldn't be an issue. Just cu...