Matt Andrew
Real Estate Investment Tax Expenses
Hello,I am trying to figure out where real estate investment expenses not tied directly to a specific rental property would be placed (example: Cost of Mailers when prospecting for more properties). I currently have ...
Dane Peterson
Tax Time... No 1099's for wholesaling/assignments??
Hey BP,Filing my taxes for my first full year of being in Real Estate. Every transaction I did last year was an off market transaction. All income came in as either an assignment fees or funds from vacant land sales ...
John Carbone
2nd home tax implications
Hi, I am looking at getting a second home that I will be renting out. My question is how do people who do this report it on their taxes? Is it possible to do the 10% down and still classify it as an investment for fed...
Derek Back
Looking for a CPA or tax strategist
Hi, anyone have a recommended CPA and or a tax strategist south of Boston, MA. Someone who is experienced and real-estate focused. Thank's
Chris Wunder
Starting a New LLC and Tax Implications
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...
Simone Roche
Tax Question: Rental prop -> failed renovation -> sold
Bought a rental property in LA County, CA back in April 2018. Rented until Sept. 2018. Hired contractor for renovation in May 2018. Due to unexpected increase in cost to complete renovation the renovation project wa...
Bill Schrimpf
Do I need a new CPA - depreciation over 150k
Today my CPA told me that I cannot take the full amount of depreciation on my rental this year because my adjusted gross income will be over $150k. He said we can defer the deduction until we sell the property or AGI...
Jaron Walling
Tax question for BRRRR investing
I'm planning to BRRRR my next property. What are the limits for tax deductions during the rehab on this type of investment? The property needs $20k worth of capx and repairs but it's move in ready currently.
I read ...
Tressa Thomas
rent taxes with roommates
I own a home and I have a few roommates. Do i report the roommate rent as income ?
If not then then follow up......My mortgage is paid off does this change things on reporting income?
Jonah Peralta
East Bay Auction Locations
Anyone in the East Bay know of any foreclosure auctions or pre-foreclosure auctions. Im aware most are held at the courthouse steps, whats the dates those are held. What are some possible other auctions held outside o...