All Forum Posts by: Rohullah Sharifi

1. cost seg is good when you keep the property for long term. however, remember that "Recapture" is there when you sell it.

2. Long term is good if you qualify as realtor or meet material participation test, or else "Passive Income"

3. STR is better, if you or your spouse participate in managing it and qualify for "Non-passive income"

everything as its pros & cons. some taxpayers, beside having FT job, side income through 1099, still claim STR. This is an "Audit Lottery" playing.

However, if material participation test meets, then, it's a handy tool to use for tax planning and benefits.

I would say even better the LTR.

commonly, what I noticed that these companies rarely bother themselves to do proper study, just use a ready made sheet, change few numbers and "There you go" with a report.

real estate and stock are two different things. 1) portfolio 2)investment

1) portfolio is risky and needs expertise to management it properly and monitor the market all the time

2) LTR & STR: each have its own benefit and help in reducing taxable income

STR are good for high income taxpayers, that by involvement, the income shifts to "Non-passive income" and losses consider and reduce your active taxable income.

the good part about crypto is 

1. can buy and wash any time,

2. wash sale rule doesn't apply under congress change the law

3. reporting it under tax return "not reported to the IRS" defers until get the money out

4. some grow well

1. roll over the retirement account funds to self direct IRA

2. choose self investment management

3. buy a property for rental

4. collect rents 

5. put the rental income back to the Self Directed IRA

there is tax skipped and once the property pass to heir(s), there is Step up Cost, which means Fair Market Value.

If you're good with quickbooks, online can cost you $35 month to use, otherwise, excel is good for small size biz.

short term rental is "non-passive income" conditioned that the owner participate materially to qualify. Sometimes people misuse it, even though with high W2 income, 1099 income, but this can be an "audit lottery" to play. Otherwise, well managed books and accounts won't be a problem and benefit the investor.

This is interesting. I am trying to find a good house for purchase, however, was told that can't see the property and mostly the owner make lots of damages that cost a lot to repair. What is the good starting point, self search or through realtor?

I would advise to buys/invest closer to your location that you can visit and be involve if you're looking into active income. I would say to invest in short-term Airbnb rentals that's "Non-passive Income" if you income somehow and can get tax benefits. Or if you have other passive income sources, then would be good to do Long term rentals. 

Important point in other states is the legal domain, dealing with tenant or you might hire a management company to handle it for you.