Justin Johnson
Income Cap for Rental Deductions?
Bought my first SF rental in 2017. Was excited to begin doing my taxes and deduct all my expenses I spent in re-hab, travel, etc. Turbo tax is indicating that if you make over $150k then rental deductions are not allo...
Rob Stinogle
Incorporating to deduct rental losses
Last year I filed my taxes as single, and owned a rental that returned a loss. I was able to deduct the losses on my taxes.This year, I am married. The same property once again has a loss. If we file jointly, it seems...
Nick Vollrath
Allowable Deductions for Limited Partners
Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...
Marcus Auerbach
20% deduction for rental income!
This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...
NA N Keith
2018 Pass through income deduction
Can schedule E rental real estate income qualify as pass through income for 2018? My other IRS 1040 income sources are only interest/dividends, retirement income, & cap gains. No wage income.
Chris Coleman
Are these Fees Tax Deductible?
I own several RE Rentals deeded in a Revocable Living Trust (my wife and I as Trustees). I also own several Notes and other investment assets in a Holding Company LLC.I also own an Operating/Service Company (which is...
William Wilson
Offsetting deductions against 'recapture tax'
Are there any personal deductions that can offset the 25% recapture tax? For instance, can an electric car purchase tax credit of $7500 be applied towards the recapture tax or is it only applied against income? Am w...
Account Closed
maximum deduction for RE education
What is the most a Full Time Real Estate Investor can deduct from taxes when its educational related. Such as seminars, mentors, and travel that are investor educational related?Thanks!
Account Closed
Deductible for flips & rentals
After 10 years of investing in real estate I just made my first claim. What a pain in the you know what.
Well I have decided my deductibles are to high now. I was using 2% of the property value as my deductible. Now...
Andrew Wu
Deducting installation of GFCI outlets?
Hello all again,
Thank you for the tips on how to address / depreciate the water heater issue.
My next question is whether I can deduct installation of GFCI outlets in my kitchen (previous owner prior t...