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Investing in short-term rental (STR) properties and using the STR Tax Loophole is one of the few tax strategies that can save physicians with a fairly high W2 income 6 figures in taxes without working full-time in rea...
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If I plan to use funds in my Solo 401K to invest in a turnkey rental property (meaning a property that is rehabbed by a 3rd party, purchased by my 401K, and managed by a 3rd party) is that considered a "passive" in...
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I'm trying to figure out the following scenario but need your help. A relative of mine wants to invest 100k in real estate, only if it will show as a loss on his taxes. He's not a real estate investor but has cash t...
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Throughout the internet, there are too many contradicting responses by CPAs on teen kid's pay for assistance in parents' rental business work. Brandon Hall Vs. Mark J Kohler to name a few. One says that W-2 is needed ...
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Hello everyone,I own two properties in Tennessee. The first property is a condo, and my wife and I own 90% of it, and my brother-in-law owns 10%. The condo was purchased March 2019. We lived there until September 2021...
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I am working with an accountant as I prepare returns for the first year of owning real estate. I read Brandon Hall’s article from a while back talking about the tax myth’s for real estate investing. One was the follow...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
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We bought our house a couple years ago and was wondering if there was a good time to think about renting your house out? When we bought, we bought with an FHA with 3.5 down. The house was 319,999 and our down paymen...