Leo Young
Can offset gains from stock sale with RE depreciation as a real estate professional?
Can you offset your capital gains from a stock sale with your depreciation from real estate if you're a real estate professional?e.g. If you get a lot of bonus depreciation from performing a cost seg on a property, ca...
Melanie Baldridge
One of the best strategies?
Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
Aaron Murphy
Schedule E tax question
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
Sergio Altomare
Tax approach for managing our own properties through an LLC
Hi Everyone,
Being that I have pushed the limits on time to do my taxes this year through an accountant, and being that I have been doing my own taxes for a long time, I am making an attempt to handle them ag...
Justin S.
You can Kiss good deals at auction goodbye
They are now doing a reality show on the Phoenix auctions. A friend told me once they started Storage Wars, the number of people at auctions tripled. This is good for bidding services but bad for investors. Time to...
John Pelaez
Avoiding capital gains....
I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...
Bob E.
Fire Insurance and Tax Implications
We recently had a fire at one of our duplexes in Milwaukee. The upstairs tenant started a fire an while there appears to minimal damage to the framing a total rehab looks like it will run @ 110k.
My question, sinc...
Cathy Malmrose
How many can I sell in a year?
If I want to sell off all my properties in 2021 if possible. I can show that I didn't pull much of a profit on any of them, capital gains should be minimal. (I invested very heavily in their renovation, rookie mistake...
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trying to understand bank's motivation for bid at auction
I've heard about banks bidding at auctions - would this only be for the sole purpose of raising the bid to try to cover their lien on the property? Otherwise, I don't understand why a bank would send an agent to the ...
David Lant
Need help answering a question about selling a property and not paying capital gains
Greetings fellow investors.
So I have a question. I own a investment property that is valued at around 800k. I own it free and clear and I'm thinking of selling it.
I was reading online that if you make under $47,...