All Forum Posts by: Kyle Goeman

Thanks Steven,

That's a great idea. She helps me quite a bit and works a part time job. I'll see if my CPA can educate us on the rules a bit more.

Thanks Jon and Steven,

I’ll run this past my accountant and see what he says. Never knew about the AGI rule under 100k and over.

Also didn’t know about the 750 hour rule “real estate professional” I own an insurance brokerage office and probably will never get to use this one.

Thanks again for the help and education.

Hi my name is Kyle, First time poster long time reader.

I have a question I would run past my accountant but not sure if its a dump question or not.

I have been in R.E. investing since 2007. I have a few rental properties and one on Contract for deed.

My accountant said the interest I get from the contract for deed is taxed as investment income – capital gains.

My question is now I have a few other properties from other Investors in the area that want me to manage them. How is my Management income taxed and treated on my Profit-loss. Can I use this income to offset losses on a property?

Thanks for all the help!