Real tax questions. Find yours.

“My rental property was severely damaged in a hurricane, how do I calculate the casualty loss deduction if insurance only covered half the damage?”

“I sold a rental property that I fully depreciated over the last twenty years, how exactly does depreciation recapture work and how much will it cost me?”

“I flipped a severely distressed house in less than a year, will my massive profits be taxed as ordinary income or short-term capital gains?”

“I am selling a highly profitable rental property and want to use a 1031 exchange, exactly how long do I have to officially identify a replacement property?”

“I want to use a self-directed IRA to purchase commercial real estate, what are the prohibited transaction rules that could trigger a massive tax penalty?”

“I formed an LLC to hold my entire real estate portfolio, does this legal structure change how my rental income is actually taxed at the federal level?”

“I successfully refinanced my investment property and pulled out cash to buy another one, is that massive cash out legally considered taxable income?”

“I am part of a massive real estate syndication, how do I handle the complex K-1 tax forms if they arrive months after the April filing deadline?”

“I regularly rent out a spare room in my house on Airbnb, how do I accurately report the income and what specific household expenses can I legally deduct?”

“I manage several short-term vacation rentals, do I have to pay self-employment tax on this income or is it considered passive rental activity?”

“I want to rapidly accelerate the depreciation on my new manufacturing equipment, does taking bonus depreciation now hurt my ability to sell the business later?”

“I inherit a rental property from my parents, do I take over their old depreciation schedule or do I get to reset the basis to the current market value?”

“I own multiple rental properties that generate massive passive losses, can I use those losses to offset my W-2 salary if I qualify as a real estate professional?”

“I bought a duplex and live in one half while renting out the other, how do I properly split the property taxes and depreciation on my tax return?”

“I am selling a property using an installment sale agreement, do I pay capital gains tax on the entire sale price immediately or only as I receive payments?”

“I use cost segregation to accelerate the depreciation on my apartment building, will this aggressive strategy drastically increase my chances of an IRS audit?”

“Should I hold my rentals in an LLC?”

“Should I put my rental properties into an LLC?”

“How does depreciation actually save me money on my rentals?”

“Do I need an LLC for my rental properties?”

“Is it better for me to hold my rentals in an LLC?”

“Should my rental properties be owned by an LLC?”

“Would an LLC make sense for my rentals?”

“How should I hold my rental properties, in my name or an LLC?”

“Is an LLC the right way for me to own my rentals?”

“Should I do a 1031 exchange when I sell my rental?”

“I do short-term rentals on Airbnb, how should I be taxed?”

“Should I keep my rentals under an LLC?”

“Do I want my rental real estate in an LLC?”

“Is it smart for me to use an LLC for my rentals?”