I am somewhat new to real estate rentals, but am pretty knowledgeable about taxes. Here is my situation, and I wonder if my overall strategy is sound.I have 2 goals in posting this - first to inquire if I am missi...
HiI am selling a triplex. I had planned on doing a 1031 exchange with the proceeds. My closing date is 11/13 but I have been looking to identify a property since the end of September. I have not found any properties t...
Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?
I can't deduct depreciation of rental SFR as I does not qualify as "active" real estate investor because I have full time day job and SFR rental is only part-time.When I sell this rental SFR, I recapture depreciation ...
Hello experts on the 1031 topic,I have searched many posts on this forum and have found lots of great info on 1031 exchanges. I have learned A TON, however I don't believe I found the right answer to my particular ...
Hey BPers,
I am designing a strategy for tax-deferred savings that builds current cashflow and could essentially function as an alternative retirement or FIRE strategy.
So...here's the strat in a nutshell:
1. Form ...
Hello everyone,I'm seeking opinions on the tax treatment of remodeling in certain situations. For example, let's pretend I purchase a house for $90K, misc rehab is $10K, so I'm "all-in" rent-ready at $100K and adverti...
Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses? Perhaps as a syndication or credit fund?
Hi All,I have been passively investing as an LP in syndications for about 6 months. There are many out there now and I have been looking for a tool that would help me compare a few of them side by side based on criter...
I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:
-...