Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

5
Posts
1
Votes
Sam Edgin
  • Rental Property Investor
  • Washington D.C
1
Votes |
5
Posts

Need tax advice on 3 unit FHA property

Sam Edgin
  • Rental Property Investor
  • Washington D.C
Posted

Hey all,

First post here, been a member for a long time and finally at the point where I need some solid guidance. So I purchased a 3 unit home and I live in one of the units and took an FHA to purchase this home. I have done some repairing and renovating and have all my receipts kept.


My question for you all is what do I need to make sure I do when tax comes around to get the most advantage? I know I can write off stuff such as interest payment on my loan and repairs. Is there a software that you guys recommend using to document this? Or do you just take pictures of your receipts and send them to your accountant? This is my first year doing taxes as an investment property owner and I want to make sure I make the most of it :) Sorry if I posted this in the wrong area as it is my first post so please bear with me! Thank you in advance for all your help I know how useful everyone on bigger pockets can be.

Loading replies...