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19 April 2024 | 8 replies
How disciplined are you to put the time into learning Schedule E and depreciation forms?
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20 April 2024 | 33 replies
It doesn't appear to offer any kind of leasing or e-signature options.
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19 April 2024 | 5 replies
Quote from @Montana E Manship: hello I'm new to real Estate and investing in general, here for all the knowledge I can acquire.
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19 April 2024 | 14 replies
Make sure you RSVP because we only have 6 out of 100 spots left.https://www.eventbrite.com/e/momentum-makers-investor-meetup...
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18 April 2024 | 3 replies
These expenses would be reported on Schedule E (Supplemental Income and Loss) of your tax return.Since you incurred these expenses before you started renting out your property, you can typically depreciate the cost of the furnishings and any improvements made to the property over their useful life.
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18 April 2024 | 33 replies
Fast-forward one month to today, I still have heard no word from Philadelphia L&I (even after calling/e-mailing) and I'm ready to start renting it out, but one problem:"The Philadelphia Property Maintenance Code (Section PM-102.6.4) requires an owner offering residential property for rent to provide the following to the tenant at the inception of each tenancy:A Certificate of Rental Suitability issued by the Department of Licenses and Inspections no more than sixty (60) days prior to the inception of the tenancy.A copy of the “City of Philadelphia Partners for Good Housing” brochure issued by the Department of Licenses and Inspections....."
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17 April 2024 | 6 replies
How should the tax return capture each property separately as well as the 1099.1099 Total (example): 36,000k totalproperty 1: 10k total rentproperty 2: 20k total rentproperty3: 6k total rentThis is what we are doing and just curios as pros and cons: We report a schedule E for each property.
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17 April 2024 | 3 replies
Quick back story is I am a Missouri resident that sold a Maryland property in June 2023, I've e-filed my federal and MD tax return as of the first week of April 2024.
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17 April 2024 | 3 replies
We'll typically pay $25-50 each time we have to schedule a group viewing or inspection, delivered as an e-certificate from either Longhorn Steakhouse, Red Lobster, or Amazon.Works like a charm!
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17 April 2024 | 7 replies
As far as expenses for things such as electricity and RE taxes (paid in 2023), those will generally be deductible on Sch E.