Mark Kitchens
Structuring Expanding Business
My wife and I have been SFR investors for sometime. Having read Kyosaki from an early age, and playing Cashflow, we decided to buy our first business last year. We bought a small, poorly run (owner went through divo...
Daniel Mills
Cash out refi buy out - tax repercussions
Hi guys,I know this is a question best asked of my CPA, and I am in the process of contacting him but considering he might not get back to me quickly, I was hoping I could get your ideas here.I own a property in Idaho...
Vincent Chen
First year investment Tax report
Just bought my first multifamily investment out of state rental last year August,so would like to know anything special about the tax report?Right now,I have full-time W2 job,what should I notice when I report my tax ...
Guillaume Derouet
Property lost due to fire
Hi Guys, when you completely lost a property due to fire, can you write off the entire value for the taxes?How does it work?Please let me know.
Derek VanWinkle
Transfer from LLC to Personal?
Is it possible to transfer a property from a LLC to an individual? I'm looking to BRRRR a property and the HML I'm looking at using requires the property to be in a LLC. Could I transfer the property back to myself to...
Matthew Powell
Preparing for taxes!
As we prepare ourselves to buy more I want to be sure we also want to be prepared for those dreaded taxes! My wife is a successful realtor. We have now gotten to the point to where we can no longer do our own taxes. E...
Chuck Dangar
Can you take a tax deduction if you have a Section 8 tenant?
1...Is it possible to take a tax deduction if you are receiving rent from the government for a Section 8 tenant? 2...I am looking at buying a place to buy and hold with a section 8 tenant already in place. The place h...
Glenn Cosburn
Form 4562, MACRS depreciation for AIRBNB capital improvements
We spent $40,000 to restructure our house (basically combine two bedrooms to an airbnb unit). I assume I use form 4562 to report the start of depreciation of these capital improvements. If so, I was wondering how to f...
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Capital Gains HELP-deductions
Help:
Trying to reduce Capital Gains exposure!!!!!!!!!
I purchased a Townhome condo in a Beach resort in 2001. It was never rented. I have been living full time in this property for more than 2 years-my wife ...
Brennen Cook
Quitclaim, Gifting Real Estate
Hey BP! I need some help.
My Uncle owns a home with significant equity. My family, Uncle Included, want to take advantage of this equity to invest in real estate. Thing is, of course, there are a few hoops ...