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Results (5,021+)
Jason Dillard Cost Segregation
9 May 2025 | 23 replies
So, every taxpayer can use it, so long as they have use for the additional deductions. 
Angelo Llamas STR tax loophole
7 May 2025 | 12 replies
The poster is referring to the $25,000 special allowance under Section 469 of the tax code, which allows certain taxpayers to deduct up to $25,000 in passive losses from rental real estate against their active income.
James McGovern Strategies for profiting off illegal immigration?
7 May 2025 | 20 replies
Quote from @Julie Garner: I'm surprised that someone who recognizes the illegal importation of often unvetted individuals would seek to find yet another way to fleece the taxpayers
Noah Laker Subto affecting seller's credit
30 May 2025 | 26 replies
thre are mortgage monitoring companies just like companies that scrub and monitor property tax payments in 98% of states and counties this would be quite easy to monitor.
Jocelyn Bernstein After redemption period on a tax lien what paperwork do they issue?
7 May 2025 | 7 replies
After the 3 year period to redeem property, what am I to do as the tax payer?
Steve K. Putting $1M into Crypto
19 June 2025 | 181 replies
Other agencies will evaluate their legal authority to transfer any bitcoin owned by those agencies to the Strategic Bitcoin Reserve.The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets.The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers.
Julio Gonzalez 45L Tax Credit FAQ Post 2023
21 April 2025 | 0 replies
According to the IRS, taxpayers must ensure that all employed laborers and mechanics who work on the construction or renovation of a facility are paid “wages at rates that are not less than the prevailing rates determined by the Department of Labor” to qualify.Have you claimed the 45L tax credit or are you planning to?
Andrew DeShong Turning a 1031 into primary residence
21 April 2025 | 7 replies
This isn't an explicit IRS rule, but two years is the general recommendation and what seems to work for the IRS.The IRS considers the taxpayer’s intent at the time of the exchange.
Marcos De la Cruz Paying $800/yr per LLC in CA for out of state rentals
27 April 2025 | 33 replies
As all private rulings, it contains a disclaimer that we probably should not ignore: "Please be advised that the tax consequences expressed in this Chief Counsel Ruling areapplicable only to the named taxpayer and are based upon and limited to the facts you havesubmitted."
Peter Firehock The Short Term Rental Loophole
29 April 2025 | 13 replies
Taxpayer uses this material participation method:(2) The individual's participation in the activity for the taxable year constitutes substantially all of the participation in such activity of all individuals (including individuals who are not owners of interests in the activity) for such year;E.g., they buy operating STR in December, don't hire a property manager, housekeeper or landscape maintenance guy until January.