Carlton McDaniels
Gaining Passive Income
A few months back I bought a 2 Unit Bldg. I used a 203k to upgrade the bathrooms & kitchens in both units. I also reside in one of the units. I definitely want to do another one, I'm just trying to figure out if ...
Sam Dal
Passive capital gains
Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024. There are some accumulated passive losses but not much. Can I sell some of my stock he...
Daniel Dietz
Passive Losses Offsetting Pasive Gains?
Hello All, There is lots of talk on here about Passive Losses and if there are deductible or not and if so, to what amounts. To my understanding, if you are NOT a 'Real Estate Professional' (which I am, but have never...
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Capital Gains on Real Estate Held by an LLC
When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain? H...
Roy Mitle
Is sec1231 gain considered passive/active?
I invested in a syndicate that shows 1231 gain due to sale of some of its properties. Some of the other properties in the syndicate have not been sold so it is not final K1. This shows up in box10 of K1My CPA says I h...
Carlton McDaniels
Building a portfolio.....Gaining Passive Income
Earlier this year I purchased my first rental property here in Chicago. My family and I stay in one of the units. Initially the plan was to stay here a year, then purchase our first home. But I'm actually eager to get...
Karen Young
Using passive losses to offset capital gains
A syndication investment sold in December. The Sch K-1 was not marked "Final" because the sponsor held some money back. My CPA says the capital gain can not be offset by the passive losses because "the passive Activit...
Jordan McDonald
What should we do?
What are people doing for real estate in this 2024 market?! My husband and I are 28 and have two good jobs. We have been able to set aside some cash/savings over the past few years of marriage and are ready to invest ...
Sophie Sawyer
Sophie Sawyer - newbie
Hi, I'm new to rental business, looking for my very first rental property. I have a full time job and the ultimate goal for RE is to gain passive income as a supplement of my salary.
Thank you for this informative f...
Sophie Sawyer
Sophie Sawyer - newbie
Hi, I'm new to rental business, looking for my very first rental property. I have a full time job and the ultimate goal for RE is to gain passive income as a supplement of my salary.
Thank you for this informative f...