Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.  

You may be able to deduct mortgage interest and property taxes before the property is in service. 

@Rob WallaceCheck the "Tax Pros" button (at the top of the page) or the Tax forums for active CPA's on BP. 

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

@Caryn Fischer  The downside of gifting or selling property to your children is that it can have capital gains tax consequences.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

Home went to tax sale county kept excess proceeds.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?