All Forum Posts by: Leon Meytin

I was hoping to clarify something, can someone correct me if i am incorrect?

This example was taken from a previous post, but it was several years old so i though I would post it here

Let's say they invested $100,000 which acquired 5% of the equity. The depreciation could be $500,000 in the first year (or first 5 years), they would receive $25,000 (5% of $500K) of depreciation write off. If they received a 10% return, (which is great!) they would have $10K income, and $25K write-off = -$15K (negative passive loss). Assuming you are not a real estate professional and AGI is >150K, then am i correct in assuming the following

1)The 10K i received in the year will NOT be taxed, since its offset by losses? will that specific 10K ever be taxed?

2)since i also have 15k in negative passive loss, and I am not a real estate professional and AGI is >150K, i can ONLY offset other passive investments, such as sale of stock? so if i sell apple stock and make 15K in profit, would it be a wash? would i pay any tax on that sale of apple stock in that case?

3)assuming i have NO other passive loss that year, that 15K passive loss will be transferred to the next year? and assuming i have passive income from either sale of stock or if another syndication closes and I receive some form of payout from increased value of the syndication properties?

4)Any other tax benefits of a syndication, assuming i have no other real estate aside from my primary residence?

5)Any other ways to use a syndication to off set taxes?

Thanks!

I am curious if anyone has any valuable insight into Snowshoe in WV. I know previous threads had some negative insight, but was wondering if there was any updates. How much are HOA fees typically in Mountainlodge. Do they hire the cleaning crews or do you? Some of the studios and 1BR apartments are less than 100K, so there is potential profit. Any expertise would be greatly appreciated.

Thanks!

Does your income matter when it comes to deductions? I know for the pass-through deduction i think if you make more than 330K jointly you cant use that deductions (not sure if this is 100% accurate). 

What are you seeing in terms of total deductions for a rental property? 

Hello all, had a few questions regarding short term rental deductions

1)For those doing short-term rentals, do you typically get the 20% Pass through deduction, and if so, how?

2)Do most repairs (not large capital improvements) count? and if so, does it lower your total AGI or only affect taxes paid on money earned from the rental property?

3)For most short term rentals, is the PMI, home owner insurance, property taxes deductible?

Thank you in advance, 

Leon