Mark Lucido
Charitable donations: Personally or from LLC?
I'm curious how other investors are making their charitable donations, particularly if they own an LLC. I'm considering making my donations from my LLCs and in my particular instance, my LLC Partnership income flows ...
Wells Mangrum
Charitable donations of real estate.
I purchased a gas station in 2018. Gas stations normally depreciate over 15 years. But I’m using special bonus depreciation to take immediate 100% depreciation for the full cost of the acquisition minus the land cost...
Umesh Chokshi
Need help for tax guidance
Hello Everyone,My wife and I are owning one residential investment property which was purchased for around $500K, 7 years back. Now the property is worth $1,2Millions.We are planning to donate this property as now it ...
Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
Byron Valles
Why you should consider donating appreciated securities instead of cash
Donating appreciated securities to a charitable organization can be a smart way to give, both for you and the charity. When you donate appreciated securities that you have held for more than one year, you can avoid pa...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
Jason Perry
Rent Reduction as Charitable Contribution
We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
Jason R.
Charitable LLC and 1031 exchange
Would you transfer a property to a charitable LLC or 1031 exchange? Let me know your thoughts.
Thanks!
Kenia Crevoisier
You can deduct charitable donations even if you do not itemize
Hi BP members. I am CPA that specializes I real estate and international tax. I am also an aspiring real estate investor I hope to connect with other RE investors and share some of my tax knowledge with you all. I’d l...
Mark Hadnett
Subdividing Land as a tax write off
Hi All,
I have a question regarding subdividing land. I`m looking at a property in NJ and its on close to 10 acres of basically un usable excess land. The house and driveway/garden etc needs about an acre at most(Hou...