Pay Fewer Taxes in 2024 | What You Need to Do NOW

  Рет қаралды 18,304

BiggerPockets

BiggerPockets

Күн бұрын

Пікірлер
@gameplayer1980
@gameplayer1980 Жыл бұрын
Love Mindy. It's a different energy.
@keystonecpas
@keystonecpas 9 ай бұрын
She is the best!
@johnnyb33good21
@johnnyb33good21 Жыл бұрын
If you're paying $0 in taxes because you have written everything off and you have no taxable income, how do you qualify to purchase more property using certain loan programs? Don't lenders need to see taxable income? They need to see you're making money in order to give a mortgage
@mra.4466
@mra.4466 Жыл бұрын
They’ll typically add back depreciation if the lender recognizes it
@anthonygarza1315
@anthonygarza1315 Жыл бұрын
I had a low taxable income when trying to apply for a four plex because i wrote a lot business expenses. Lender told me they don’t look at taxable income not sure if all lenders care or not.
@clifft2269
@clifft2269 Жыл бұрын
My lenders have constantly given push back because they DO go by taxable income. Writing more off meant I got approved for less. If there's a solution for this problem, please let me know. My lender = "don't write things off if you want to keep getting more loans"
@anthonygarza1315
@anthonygarza1315 Жыл бұрын
@@clifft2269 my lender looked at gross income not sure why
@keystonecpas
@keystonecpas 9 ай бұрын
Work with your tax advisor and your lender together. As a team, they can help you to achieve both tax savings and borrowing goals. Examples of tax deductions what typically dont hurt your borrowing ability include: deprecaition, car expenses, home office deductions, and sometimes 401K contributions.
@jaydajourney2884
@jaydajourney2884 Жыл бұрын
Hi everyone, I kinda new here and I have a question. When I get 1099 from Property management company, that is gross income, correct? So, I can deduction expenses like PM fee, repair and other item from 1099 ? Pls advice. Also, if I missed some item to write off from 1099 income last year. Can I do it this year? Thank you so much. 🙏
@keystonecpas
@keystonecpas 9 ай бұрын
Yup...you can deduct expenses against your rental income and yes they typically issue a 1099 on the gross rents.
@yolandahart8238
@yolandahart8238 Жыл бұрын
The $25K deduction on taxes, Is that making less than $100K on W2 income or rental income?
@mra.4466
@mra.4466 Жыл бұрын
It starts to phase out at 100k and fully phases out at 150k.
@keystonecpas
@keystonecpas 9 ай бұрын
The $100k is on total adjusted gross income. You can see that as a separate line on your return.
@Butman.
@Butman. Жыл бұрын
Most famous CPA’s out there!❤
@keystonecpas
@keystonecpas 9 ай бұрын
aw....thank you 🙃
@floydmcentire-hayes1165
@floydmcentire-hayes1165 Жыл бұрын
Would you separate a multi family home?
@amandahancpa
@amandahancpa 9 ай бұрын
You are not required to separate the units
Want to Invest in Real Estate in 2025? Watch This FIRST.
1:04:16
$2M in Real Estate in 2 Years by Buying ONLY Off-Market
58:42
BiggerPockets
Рет қаралды 68 М.
Chain Game Strong ⛓️
00:21
Anwar Jibawi
Рет қаралды 41 МЛН
Мен атып көрмегенмін ! | Qalam | 5 серия
25:41
人是不能做到吗?#火影忍者 #家人  #佐助
00:20
火影忍者一家
Рет қаралды 20 МЛН
The Repeatable, 3-Step Blueprint That Leads to Financial Freedom
52:48
How the Rich Pay ZERO Taxes w/Real Estate Cost Segregation Studies
57:51
How to Turn 1 Rental Property into MANY (The Right Way)
46:53
BiggerPockets
Рет қаралды 72 М.
The #1 Real Estate Tax Loophole | Pay ZERO Taxes in 2022
1:06:13
BiggerPockets
Рет қаралды 88 М.
From Night Shifts and $200K in Debt to Financial Freedom in 5 Years
48:21
How I Built a $350K/Year Passive Income Stream in JUST 3 Years
39:00
BiggerPockets
Рет қаралды 160 М.
2025’s MASSIVE Opportunity for Real Estate Investing?
28:43
BiggerPockets
Рет қаралды 10 М.
How to Buy Your First Rental by The END of 2023 (Step-by-Step)
1:14:54
Barbara Corcoran: Investing Like THIS Will Make You Millions
51:44
BiggerPockets
Рет қаралды 44 М.
Chain Game Strong ⛓️
00:21
Anwar Jibawi
Рет қаралды 41 МЛН