Earnings too high to claim passive losses?
so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time emp...

Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...

I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material...

Hi guy- I'm wondering how I should report on my tax return an unsuccessful flip?
A bit of background - I bought 2 properties out of state using hard money loans last year. Turned out things didn't go as planned and ...

My wife is looking to sell her house in the very near future, as we’re looking for more cash flow friendly investments. She originally purchased the house as an owner occupant in 2014, lives there til February of 2017...

In 2010, I purchased my single family residence and thought I was there to stay. In February 2012, I was relocated out of state. Due the still poor real estate market I elected to rent my home. I want to sell t...

Seeking some clarity....  If I have an AGI over $150K (lets say 39.6% tax bracket) and I own a rental property with figures as follows:- Annual Rental Income: $40K- Annual Operating Expenses/Mortgage Interest/Deprecia...

Hi,I have a business partner who has provided money to my LLC, which I will use to invest in real estate. The agreement is that I will do the work and give them a percentage of the profits. I'm trying to figure out ho...

I was reading comments about some crowdfunding site.  Someone said they weren't attracted to a particular investment because it was a K-1 instead of a 1099.  I was a little confused since a K-1 allows you to claim pap...

My husband and I purchased a vacation rental property four hours from where we live in January.  It was gutted when we got it.  Working with a contractor who rented it during the renovation, we got it remodeled, furni...