Jordan L.
For out of state investors, do you have to file taxes for each state?
That you're invested in? Or do you try to steer towards states that have no income tax?
Paige Simpson
Capital Gains tax computation
I will be selling some land that I own and am having trouble understanding the tax that will be due. I entered the figures into 2020 tax software but the amount due does not match my understanding of tax computation. ...
Ally H.
Income Taxes & Deductions for House-Hacking with AirBnB
Background: We bought our first home this year and are renting out the extra bedrooms through AirBnB. We'll receive a 1099-K from AirBnB on the earnings and are not exactly sure how our tax situation with regards to t...
Andy Pillinger
capital gains on Primary
Hello all,I am going to sell my house/primary residence in a year. After all tax deductions 15% capital gains will work out in the region of $50,000 to $60,000. I have read that you are not able to use the 1031 on pri...
Steve Sanderson
Ordinary vs Capital Losses
I'm currently reading The Book on Tax Strategies for the Savvy Real Estate Investor and reached the section about real estate losses. They mention that real estate losses are often times mistaken as a capital loss. In...
Derek Smith
Rent my primary residence to myself.
Hello everyone, Ever since the new tax laws went into place where you have to be uber rich in order to write off your mortgage interest. I've been trying to think of ways to move my mortgage to my investment propertie...
William Wallace
Heloc funded investment tax question
Hey, I was toying with the idea of using a HELOC to fund a non-real estate investment, specifically buying some debt. It seems to me that even in the perfect situation, where I get paid like 12% interest rate with no ...
Ryan Haley
Partial 1031 Exchange
I’m selling a property right now for a long-term capital gain of ~$55,000. Am I correct in understanding that my 2019 long-term capital gains will be 0% up to $39,375 and my standard deduction (single) of $12,200 mea...
Konkova Irina
Converted primary to rental. Can I tax deduct primary mortgage?
Hi Everyone,Last year I've converted my primary residence into a rental on July 1st, 2021. Can I deduct the mortgage interest that accrued while it was my primary residence? i.e the first 6 months of the year? I don't...
Caleb Heimsoth
Impact of new tax bill (Forbes article)
Here a good article by Forbes that breaks down a lot of the new stuff in the tax bill.
It clearly mentions real estate at least twice. The author argues that those who sell real estate could be adversely affected ...