Account Closed
Best move regarding my rental property
I own a rental property that isn't making any money. My AGI is too high to be able to deduct the losses I'm incurring from it. Any ideas on what I should do?
The property is a townhouse, and was purchased new in 2004...
Evan Loader
Depreciation recapture question
I have yet to experience depreciation recapture, since none of the syndications I participate in have exited.My question is this. I have had paper passive losses on all K-1s filed with no passive gains to offset(I’m a...
Meagan Ruxer
Tax deductions with real estate
My boyfriend is a physician wanting to invest in real estate with me. What are some of the tax deductions he could benefit from, since he is unable to get school loan interest deduction? I am thinking rental income la...
Jeff N.
What has more risk? RE Investment or New Car Purchase?
After reading a post on hear about "Do you tell your friends you invest in RE", I remember a comment someone made to me concerning RE investing a few years back.
This person found out I purchased a home as a buy and ...
Tux Lawrence
The Art of Short Sale Investing
Short sale is a topic that has created a big time career for a good number of real estate investors. It has also been used to save lots of homeowner out of their real estate dilemma.
Short sale in Real Estate is ofte...
N.A N.A
Use 401K/IRA for a real estate purchase?
Hello. I am looking to buy land (not for primary residence) and I heard that you can use a 401K or IRA (or similar) to purchase real estate, or else loan yourself money from the 401K, or something to that effect. Is t...
Mario Morales
Is this profitable? Not sure if this is good or bad
I got my tax return, schedule E and my property due to depreciation, took a loss. Not sure how to feel about this? See attached Supplemental Income and Loss, statement.
Jolene Adam
Losses and taxes
About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...
Johann Jells
Advice on restructuring into an LLC(s)
My wife and I are looking to put our RE holdings on an "active" business footing, form an LCC (or one per held property?) and file taxes as a business rather than filing a form E. We have several reasons for doing...
Karl S.
Real estate investing to reduce W2 income
I’d like to get feedback on a strategy I want to pursue. I work in Silicon Valley and make well into the maximum tax bracket. I wanted to pursue REI both as a way to invest extra money (already maxed all other tax adv...