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Hi All,Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation. If we can swing it, we may also be able to purchase a LTR towards the end of the year...
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My wife is REPS status. I am a W2 employee. I used to believe that the limit is $500,000. But is it still true? Thanks in advance!
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My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
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My first investment, I am looking at 2 options.. I can co sign with my kid and he will be one of 3 renters in the condo, it won't cashflow but I can put just 15k down and hopefully the tax breaks will be worth the inv...
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Recently, in the case Birdsong, doctor's wife demonstrated that she actively and extensively managed their rental properties and was therefore a “real estate professional”. RE professional is not limited by the passi...
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Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
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I am new to this forum but have seen some really great posts, advice and experiences shared on this forum. I am new to real estate investing and thinking of starting off by doing a "house hack" via renting out the unu...
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Just curious as to exactly how owning a rental property can lower my AGI (adjusted gross income)? I have heard that I can take the following:depreciation, but doesn't this just lower my net income for the property? wh...
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I make 100k salary. I have about 3k in taxable income from stocks and I’m trying to understand how much of my losses I should sell off.I know the irs limits your losses to 3k per tax year. So I’m my situation can I ta...