Chris Hock
Combine rental biz with a non-rental (non-passive) biz for tax?
Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...
Account Closed
Looking for More Investor Friendly Agents
I'm looking for an Agent in the South Shore to Boston area who can pull up Active and Sold listings for me. This can be an opportunity to work together, would appreciate referrals as well!
Dawn Hall
UBTI on SDIRA
I opened an SDIRA last November and bought a foreclosure property in December. I had a few minor repairs made ~$1000. We put it for sale or rent on Craigslist and actually sold it for a $14k profit. It took us unti...
Roy Mitle
K1 challenges on syndication
I invested 50K in a syndicate. They used cost seggregation and put 50K as losses in year 1. This showed up in box2 of K1. My CPA put that as loss in my tax return and carried it over.Next year they sold the property ...
Jess O.
Moving highly taxed business profits into real estate?
So I'm beginning my real estate journey, and I'm curious about something. I own a highly-profitable online business, and I often see people talking about "moving highly taxed business profits into real estate," and I'...
Account Closed
Purchasing property with group of investors
Hey Bigger Pockets Crew!A property in Chicago came across my desk and is primed to be my next target for an investment property. I want to invest in this property with peers to spread the risk/pool our money. I plan t...
Kyler J Sloan
Basics of Tax Deductions
This will be the first year that I get any tax benefits for the work I have done on my first rental, and I wanted to understand the very basics/fundamentals to determine how much I might get back. In my profit/loss st...
Sophia Oberlander
Real estate professional status qualification
Hi all-my mom wants to dedicate her time to real estate full time. Came across the real estate professional status which could help her in convincing her to let go of her w2 (with tax savings). Here is her current sit...
Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Megan McCrea
Real Estate Professional
Does anyone know if these rules are still applicable today? My understanding was that in any given situation, you could not work full-time in order to qualify as a Real Estate Professional. For instance, if someone wo...