Had a big activity loss carry forward from a property. Used it to counter the taxes converting a traditional IRA to Roth. Maybe not the most efficient use, but it was painless and brainless.
This is freakin' awesome material!! Fellas, please keep this real estate, self-directing and tax/legal advice nerd stuff going strong. Thank you both so much! Happy Independence Day!!
23:45 you say Real Estate Professional can take all those rental losses against your day job, W2, "yada, yada yada" and then 39:02 you say you can not use rental losses in operations to offset stock gains. What about dividend or interest income?
I'll be sure to add that to my list for future videos! I have created a ton of videos where I touch on lots of different Real Estate strategies, be sure to check them out! Please do reach out to my assistant at jack@markjkohler.com if you have any questions about your situation. He can connect you with someone who can answer your questions.
Mark, What if all my properties are too profitable and they don't run at a tax loss even right after fully refinancing? Do I buy properties that run at a loss? Do I take advantage of bonus depreciation through some RV investments? Please I need to figure this one out. Faithful Client!
Thanks for the information. Will contact your company for some tax planning. My CPA said my husband and I pay enough taxes to take care most Americans but he doesn’t offer us any solutions. Taxes on 2 high W2 earners is just insane. I had to quit my high paying career.... 4yrs ago due to the taxes.
What is the advantage of being a Real Estate Professional (for tax purposes) if you can not use rental property losses to offset non-real estate stock gains, dividends, interest income or other income from other businesses ?
This rental “loss and depreciation” stuff gotta end. That’s why there is low inventory as properties are being bought up by real estate thieves calling themselves “investors” . How can you be investor if you “loosing” money every year?
I have an interesting question regarding the 50% rule for becoming a real estate professional. I am a corporate pilot that gets paid a yearly salary, but my schedule is 15 days on/13 days off with 2-3 weeks of vacation per year. The math comes out to being scheduled for work 182 days per year as a pilot and having 183 days or more off, which is technically over 50% of the time NOT working in my W-2 job. Would that meet the test requirements for the 50% rule, assuming I am putting in over 750 hours as an active investor/project manager/developer?
I start talking about Real Estate Professionals and the qualifications to be one at 22:06. Here's another video about the Real Estate Professional Tax Strategy: ruclips.net/video/JRgWn3TlomA/видео.html. Here is also a blog article that I wrote about the same thing: markjkohler.com/the-tax-strategy-of-being-a-real-estate-professional/. I hope you find these resources helpful! If you have more questions, please reach out to my assistant at jack@markjkohler.com and he can connect you with someone who can answer them.
As i work on a strategy of taking 401k taxable income either at 55 or 59 at the latest, can i invest in real estate during those years, keep my earnings under 100k and qualify for the real estate professional rental losses (if i have any) to help with as a tax reduction strategy with depreciation and passive income pass-thru losses? Meanwhile, i can rollover income into roth iras as well and try and reduce any taxable income until 70 or 72 when i will be required to take an RMD.?
Just my views; Real estate Pro if audited will get you a worse outcome especially if you didn't 1099 every contractor. My rentals net out highly positive cash flow. I stopped checking the RE Pro box some years ago. I can't use any of these tips to have RE losses net out other income. And unless you own rentals in insanely high cost states, here in GA buying nicer 3/2s that are close to 1% net out so much possitive cash flow theres rarely a house with a loss. And I dont belive in cost seg either unless you have special situatiojns or are planning on selling out in a few years.
The moment you said "There's a Black Rapper, 50 cent..." I unsubscribed and ended listening...On a business channel, I'd like to hear the day that you hear the phrase "There's a White Pop Star, Billy Joel".......
@@shaunlorenzo1160 I'm not advertising or advocating for another source of information. I am pointing out that political opinions and biases masked as objective thought, is as outdated as Jim Crow laws and politics Dog Whistles of the past.
Info starts at 8:10
You guys are fun to watch and educational!
Had a big activity loss carry forward from a property. Used it to counter the taxes converting a traditional IRA to Roth. Maybe not the most efficient use, but it was painless and brainless.
Awesome video!!! I always look forward to watching your videos! I’ve been getting back a lot in my taxes for all my “losses” ALOHA!
How do you convince a bank to lend you more when showing loses on your rentals?
Don’t banks look at gross income, not taxable income, for the debt-to-income ratio and do their own arithmetics with income and expenses?
They don’t care. Banks will take your house if you cannot pay
Congratulations on 100k subs!!!
Thank you!!
Great video, thank you for the informative materials! 🙏🏻
I always learn so much! Thank you!
I'm so glad! You are very welcome and I hope you keep learning!
Sounds like it's time to get my wife her real estate license!!
Thank you for good content. Love it and it would be nice to see the zoom in your white board. Thank you🙏
Always amazing information
So nice of you
This is freakin' awesome material!! Fellas, please keep this real estate, self-directing and tax/legal advice nerd stuff going strong. Thank you both so much! Happy Independence Day!!
😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮
😊😮😮😊😊😊😊
If your collecting rent from a property in your retirement account do that cash flow get paid back to the investor or into the retirement account?
Can you offset Capital gains from a sell of a construction business with rental real estate losses, or depreciation ?
Thank you for the VERY motivating video!!!!❤
You are so welcome!
23:45 you say Real Estate Professional can take all those rental losses against your day job, W2, "yada, yada yada" and then 39:02 you say you can not use rental losses in operations to offset stock gains. What about dividend or interest income?
Hi Mark, I love your content! Can you create a video on on how to purchase your home for your business?
I'll be sure to add that to my list for future videos! I have created a ton of videos where I touch on lots of different Real Estate strategies, be sure to check them out! Please do reach out to my assistant at jack@markjkohler.com if you have any questions about your situation. He can connect you with someone who can answer your questions.
Taxmatch... I thought it was hilarious!! 😂🤣😂
Yes! "It doesn't matter if you love them" LOL!
When do you talk about QBID?
Great video and information 👍
Glad you liked it!
Home iffice is the first 30 ft travel commute from irs regulations. Steve from Milwaukee Wisconsin
Can you use stock trading losses to write off against your income? And do you need a entity to write off losses?
Does an RV Park owner qualify as a real estate business?
I love you guys! many many Thanks. You get 10 stars from me!
Thanks for the 10 stars, and thanks for watching! Keep it up!
Question: is the $25k deduction for single filers? What about married filing jointly? Does the loss deduction go up to $50k?
Mark,
What if all my properties are too profitable and they don't run at a tax loss even right after fully refinancing? Do I buy properties that run at a loss? Do I take advantage of bonus depreciation through some RV investments? Please I need to figure this one out.
Faithful Client!
Thanks for the information. Will contact your company for some tax planning. My CPA said my husband and I pay enough taxes to take care most Americans but he doesn’t offer us any solutions. Taxes on 2 high W2 earners is just insane. I had to quit my high paying career.... 4yrs ago due to the taxes.
So now you doing real estate?
I couldn't tell if you for little there if you were serious or not with Tax Match
What is the advantage of being a Real Estate Professional (for tax purposes) if you can not use rental property losses to offset non-real estate stock gains, dividends, interest income or other income from other businesses ?
Had to watch at 1.5 speed to get through all the bs
Can my passive loose offset my Income from capital gains from my flipping houses and stocks ? Thanks
This rental “loss and depreciation” stuff gotta end. That’s why there is low inventory as properties are being bought up by real estate thieves calling themselves “investors” . How can you be investor if you “loosing” money every year?
I have an interesting question regarding the 50% rule for becoming a real estate professional. I am a corporate pilot that gets paid a yearly salary, but my schedule is 15 days on/13 days off with 2-3 weeks of vacation per year. The math comes out to being scheduled for work 182 days per year as a pilot and having 183 days or more off, which is technically over 50% of the time NOT working in my W-2 job. Would that meet the test requirements for the 50% rule, assuming I am putting in over 750 hours as an active investor/project manager/developer?
I start talking about Real Estate Professionals and the qualifications to be one at 22:06. Here's another video about the Real Estate Professional Tax Strategy: ruclips.net/video/JRgWn3TlomA/видео.html. Here is also a blog article that I wrote about the same thing: markjkohler.com/the-tax-strategy-of-being-a-real-estate-professional/. I hope you find these resources helpful! If you have more questions, please reach out to my assistant at jack@markjkohler.com and he can connect you with someone who can answer them.
Great question
If you start the dating app, I'm in! 😂😂
Do you guys cover if they elect to group syndications too!?
CPA are telling that if I have a real
Estate license and it’s my only job I still need to met 750 hour test
As i work on a strategy of taking 401k taxable income either at 55 or 59 at the latest, can i invest in real estate during those years, keep my earnings under 100k and qualify for the real estate professional rental losses (if i have any) to help with as a tax reduction strategy with depreciation and passive income pass-thru losses? Meanwhile, i can rollover income into roth iras as well and try and reduce any taxable income until 70 or 72 when i will be required to take an RMD.?
Just my views; Real estate Pro if audited will get you a worse outcome especially if you didn't 1099 every contractor. My rentals net out highly positive cash flow. I stopped checking the RE Pro box some years ago. I can't use any of these tips to have RE losses net out other income. And unless you own rentals in insanely high cost states, here in GA buying nicer 3/2s that are close to 1% net out so much possitive cash flow theres rarely a house with a loss. And I dont belive in cost seg either unless you have special situatiojns or are planning on selling out in a few years.
Government can simply increase Property Tax to turn your real estate dream to nightmare. And they are doing it.
It will increase their “losses” and pay even less or no taxes
Ask landlords how they are suffering from Property Tax.
I'm so glad you guys don't care about humans as lawyers, keep up the good work. NO MERCY!!!
"The Black rapper" Simply referring to gum as a rapper would suffice.
Considering the horrendous odds of divorce the tax return matched match maker service, no love required, might make fir more successful marriage s😅
Did he say the black rapper, 😂
The jokes are cute, but would be much smoother follow and shorter vid without
Stop the jokes. Love the information, your jokes are just awkward
The moment you said "There's a Black Rapper, 50 cent..." I unsubscribed and ended listening...On a business channel, I'd like to hear the day that you hear the phrase "There's a White Pop Star, Billy Joel".......
I hated that too & it sucks because these guys are full of knowledge but def a HUGE turn-off
Do u have an alternative source of information?
@@shaunlorenzo1160 I'm not advertising or advocating for another source of information. I am pointing out that political opinions and biases masked as objective thought, is as outdated as Jim Crow laws and politics Dog Whistles of the past.
That was a “weird” thing to say. 🤦🏿♂️
Bye Sir!