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Results (6338)
Joel Trout Must itemize to claim rental losses on schedule E?
21 January 2021 | 28 replies

Hello BP community.  I have 2 rental properties. One shows profit, and the other shows a loss. My accountant says that I can't deduct the losses because the "standard deduction" is higher than my losses. So there is n...

Victor Omoniyi Gain/Loss to Lease - Line Item on Cash Flow Statement?
17 December 2015 | 0 replies

Hello BP Community,I am analyzing a deal and I see the Gain/Loss Line item on the CF statement - it's a positive value - so severely inflates my Potential Gross Income. My questions are: -Kindly explain in layman term...

Victor Omoniyi Gain/Loss to Lease - Line Item on Cash Flow Statement?
17 December 2015 | 3 replies

Hello BP Community,I am analyzing a deal and I see the Gain/Loss Line item on the CF statement - it's a positive value - so severely inflates my Potential Gross Income. My questions are: -Kindly explain in layman term...

Aaron Smith Passive losses, standard deduction
9 October 2018 | 10 replies

Hi BPers,Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a differen...

John Kilhafner Can I use a property I haven’t rented yet on my P&L?
27 March 2023 | 5 replies

Can I report a loss for a property I haven’t rented yet because I came across items that had to be fixed ? This property is just now being put up for rent almost a year later because of items that came up and slow con...

Steve Sanderson Ordinary vs Capital Losses
3 November 2018 | 3 replies

I'm currently reading The Book on Tax Strategies for the Savvy Real Estate Investor and reached the section about real estate losses. They mention that real estate losses are often times mistaken as a capital loss. In...

Fred Stevenson Allowable tax deductions
14 November 2014 | 12 replies

I'm an active investor, but I don't qualify as a professional REI.  I'm trying to understand what types of business related expenses I can deduct.  I have created an LLC that I will be using to buy my investment prope...

Devin Keener How does the $150k AGI rule work for real estate tax deductions against w-2 income?
15 December 2023 | 12 replies

I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...

Gaurav A. What are the conditions for rent loss coverage to kick in?
24 April 2018 | 5 replies

Usually what are the conditions for rent loss coverage to kick in? - renters job loss? - major property repair ? - renter eviction, where renter did not pay past months rent? Aware of insurance providers that provide ...

Dave Craig LLC Expenses vs. Standard Deduction
6 November 2023 | 5 replies

I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...