If I had income from a rental property let's say 10k or so do I have to pay taxes on that 10k if I used it for a down payment b4 tax time?

So I'm looking to finance my first deal,and I'm looking at investing with a family member through their financing. Since I'm a student I have low taxes,so I want to pass the tax benefits on to them, while retaning...

Hi guys,Will you please be so kind and help me out?I bought a  rental property for 60K one year ago. I am selling it for 67K... So, technically I made a profit of 7K on it.I am in a 30% tax bracket..So does it mean I ...

Good afternoon BiggerPockets!I am currently looking at a deal in Houston, TX that only cash flows if the property taxes stay where they are today or only go up slightly. The current tax appraisal is at $110k and the A...

Throwing a quick hit and run post out there because I️ want to keep it open ended. If you’ve read @Brandon Hall post on the House’s tax proposal his first “Biggest Loser” category sights short term rental income as po...

Merry Christmas . The new tax is a reality . I wanted to get more understanding on how will be property tax deduction on primary homes in 2018 . Is it capped at$10000 for both single and married ?if you live in high t...

We recently bought a house and are operating it as a short term rental. We installed a hot tub, the hot tub itself cost $12,600, along with concrete, electrical and yard work that is another $5k - $6k. We also install...

Hey Bigger Pockets Community,I bought a quadplex in 2018 as an investment property. I bought the property off-market and was able to buy it for $192,000 with 25% down using a conventional loan. My father recently sold...

IRS CP2000 Notice: Why Real Estate Investors Need to Think State & Federal
Quick story that could save you thousands in tax exposure...
Had an investor client who received a CP2000 notice for unreported rental i...

Hello everyone, I've never posted anything until now but I've been on here reading, learning, absorbing for a few months now and I haven't seen this topic fully discussed so maybe we can use my own situation to help ...