I have heard that the IRS will only allow you to have a negative Cash Flow for 5 years before they wont allow you to do business.

Does anyone know anything about this?

Doing my taxes now. Have about 9 K-1s as an LP in syndications. I am able to put in all the info in the numbered Boxes, and at the very end, it asks me if there is a "Z code" in Box 20 (the first two syndications I ...

So I understand I will need to consult a tax professional. But I'm wondering about perspectives on renting to yourself...i.e. You personally pay your LLC for use of a unit...in this case it would be a for use as a sec...

So, my first year receiving 1099s for rental property and the local housing authority issued me a 1099, while the 1099 my PM issued including ALL rent $ they received, effectively meaning the IRS thinks I made more th...

Two people close to me have bought a property together and immediately ran into a snag about fixing up the place. They bought a double (up/down) for cash - no financing. Person A paid 80% and person B paid 20%. Person...

***Please move post to the correct section, if this is in the wrong one. I apologize, in advance.***Hello,I know there have been other posts about when to post a property for rent, but none address the possible tax ad...

A recent tax court case shows why the IRS is so successful in winning REP cases against taxpayers.  The case Gregory F. Teague et al. v. Commissioner was pretty easy for the IRS to win.  Honestly, quite surprised this...

I use a property manager for an out of state rental property.  Last year we kept most of a security deposit for repairs after the tenant moved out.  We also received some payments from the new tenants for utilities pa...

Hi all,

I was interested to find out the basics for tax planning for a real estate
project to buy a lot and remove existing structures and have 3 units built
with 1 being kept by the owner.

How would I find infor...

Hi all,
My husband and I are at a bit of a crossroads as to what to do next and I'd love to hear what input you can lend. We currently own 3 SF (4 incl our primary res). We do not have a clear business plan as of yet ...