Winston A.
Form 8582 - Passive Activity Losses
Do I have to fill out Part II “Special Allowance for Rental Real Estate Activities with Active Participation” of form 8582 “Passive Activity Loss Limitations”?
I am married, and our combined AGI is $125,000.
We mak...
James Farrel
Pre-Rental Expenses Deductible?
I purchased a property this week and immediately advertised it for rent.
I am showing the unit to a prospective tenant today, but we have not yet discussed a lease date. Have I now met the requirement of making t...
Mason Haley
Tax Write-offs pre-ownership
Hello, I am currently in the process of finding a short term rental to purchase and wondering how to best take advantage of what I am doing from a tax implication. I am in a high tax bracket so the implications could ...
Gaurav Bahal
Tax deduction on due diligence
Hi,I am starting out as out of state REI and am realizing that there is a lot of money that gets spent in doing due diligence on a out of state property. For. example airfare, lodging, property inspection, appraisal e...
Matt T.
The $25K offset when making more than 150K/year.
I’m just starting out and am in the process of closing on a SFH in California’s central valley.
I’m reading the NOLO “Every Landlord’s Tax Deduction Guide” and have a question about net operating losses and the $25K...
Ngozi Iwunze
TAX flipping to renting
Taxes
I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.
Clint Harris
Cost Segregation study
I reached out to my accountant about doing a cost segregation study in order to utilized the accelerated depreciation, and he said that it’s usually very cost prohibitive and is hard to justify unless you have a very ...
Lan Bak
Pure DST vs. DST-721 UPREITs
Looking to get out of the active landlord business and exploring pure DST vs. 721 Exchange.
From my limited reading, a DST-721 Exchange seems to be a better option except it is a one-way door (no exchange back to DST...
Graham Kuzek
To Claim or Not to Claim Depreciation
Hello all, looking for some advice or recommendation. Also my first BP post so here we go.
July 2020 I bought a townhouse in Fredericksburg, VA for $315k. 20% down payment, 2.75% fixed over 30 years. Do the math a...
Donovan Lietch
Tax Consequences of Paying out investors
Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario. So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...