
14 January 2025 | 21 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

18 January 2025 | 21 replies
Deductible expenses include renovation costs, loan interest, and holding costs.

9 January 2025 | 9 replies
A HELOC on your duplex or home offers flexible, low-interest financing ideal for BRRRR, with potential tax-deductible interest if used for property expenses.

15 January 2025 | 49 replies
Thanks.Hi Courtney,BiggerPockets Pro members get access to all Stessa core (free tier) functionality – plus unlock exclusive access to advanced features, like unlimited portfolios and Schedule of Real Estate Owned (SREO), all at no additional cost.BiggerPockets Pro members have free access to all Stessa’s featured benefits as well as advanced features, like unlimited portfolios and Schedule of Real Estate Owned (SREO) – giving Pro members exclusive value not offered to Stessa Free members.Simplify tax time and help maximize deductions Organize financial data and accountingEasily track key property metrics to optimize and boost ROI.

15 January 2025 | 18 replies
Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense.

13 February 2025 | 95 replies
This is down the alley of tax liens.Yes, deduct the lien from a sale price.

8 January 2025 | 10 replies
My main account has all the rents deposited and all expenses deducted such as mortgages, some utilities and an electronic payment app connected to the account to pay contractors.

4 January 2025 | 11 replies
Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses.

14 January 2025 | 17 replies
It's almost impossible to get deductible amount on some instances and owners are paying out of pocket.

19 January 2025 | 46 replies
Can still use the $250k primary residence deduction per spouse on capital gains.