Sean H.
Good tax write offs for high income?
Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 5...
Dennis Cosgrave
How Will California's Proposed Wealth Tax Affect You?
AB 2088 establishes a first-in-the-nation net worth tax, setting a 0.4% tax rate on all net worth above $30 million. If successful, Illinois, New York, New Jersey and Connecticut are likely to follow suit. How will th...
Omar Cantu
Failure to launch, no luck so far
Hi, I'm 23 yrs old and have been trying to get started in real estate investing. But no luck. I know this wasn't going to be easy but it almost feels impossible. I finally tried to get pre qualified for a loan of abou...
Carolína Ortega
Best tax write-offs for real estate commissions?
I’m a new real estate agent in NorCal with 22k in commissions in my first 3 months.Any recommendations on how to reduce my tax liability at the end of the year? What are some good write-offs?
Yongjian Pan
Tax write-offs for personal and rental properties
Tax write-offs such as depreciation, mortgage interest, property taxes, and operation expenses...etc apply to both rental properties (property for rent) and personal properties (home for personal living) right?
Ali Kattan
Tax write offs for Rental income w/out LLC
Hello all, I recent purchased my first rental property and I already have decent tenants living in there. I am frankly new to this rental property investment world and have only purchased one other home before this re...
Kevin Macdonald
tax write offs for new house not finished/rented?
Newbee, who needs tax advice. I am building a new house (old house which was never finished) with the intention to rent it out for years. I am funding the project with private money until it is complete. When done ...
Michael L.
Opening the Kimono: My Out-of-State REI Experience
Back in November (2014) I closed on my first REI property. A 'turnkey' duplex in Chicago. I went with a well-known turnkey provider and posted initial updates in this thread:http://www.biggerpockets.com/forums/92/to...
Andy V.
tax write offs for costs incurred while looking for deals
I wanted to clarify that one needs to have a rental property, with claimed income, before you can write off expenses associated with it like travel (gas or airfare) to check on it, correct? In other words, is there a...
Collette Petersen
Tax write offs for house hacking Mother in Law Apartment
We are house hacking our mother-in-law apartment and I was curious about some potential tax write offs we could benefit from. My question is, do we need our Landlording License to benefit from these tax write offs? Th...