Zeb B.
Tax Loss Harvesting Implications on Mortgage Qualifications
I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...
Erik Sheehan
Tax Benefits Quitclaim to LCC
Hoping to get some insight from anyone that has experience handling carry-forward loss. I have a property with several hundred thousand in carry-forward loss. I don't plan on selling the property. I am wondering if I ...
Patty Puckett
LLC Loss - How to take the loss? One year or spread out on taxes?
Our LLC bought a Multifamily zoned property to build a subdivision. We spent about $100,000 with all the costs to get to the PUD Tentative map stage. We decided because of health issues not to build and to sell. The...
Jay Bandi
tax planning/REPS/cost-seg/bonus-dep questions
Hi all, I need some advice as i am getting conflicting info from my CPA/agent/cost-seg companyI have 2 w2 jobs and 4 1099 jobs (all in same line of work). I will work close to 800-900hrs in 2021 in all that work combi...
Hernell D.
End of Year Tax Strategies
With the end of 2017 upon us and tax season quickly approaching, what general tax strategies should investors, or those looking to invest, make sure they take advantage of in order to get the greatest return and set t...
Ryan Tyree
Help understanding a LP K-1 net loss
I invested in 7 syndication funds in 2023 as a limited partner with the expectation that I would generate first year losses from cost segregation that I could use to offset my gains on my personal real estate investme...
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
As a CPA focusing on real estate taxation, I frequently encounter property investors excited about cost segregation studies. And why not? The promise of accelerated depreciation and immediate tax savings is attractive...
Aariff Kadar
rental property tax related
I have a day job and i am planning to buy a new primary residence by renting out my current residence.
Questions:
I will get rental income of $36,000 and expenses of $44,000 (Includes mortgage insurance, property ...
Joe Gemma
Rent loss coverage on a vacant property?
Hi all,I'm closing on an investment property in 3 weeks and have run into an issue. The lender is requiring that I have an insurance policy with rent loss coverage. The property is going to be vacant initially as I ne...
Daksh Raheja
Tax planning before we start investing. Looking for a CPA to work with
Me and my wife are planning to start REI. We have high w2 income and would like to offset it using paper loss strategy. Here is what I am thinking.We are planning to get one STR every year, manage it ourselves to hav...