To qualify as a real estate professional, a taxpayer must meet the following two criteria (IRC Sec. 469(c)(7)(B):More than one-half of the personal services performed in all trades or businesses by the taxpayer during such taxable year are performed in real property trades or businesses in which the taxpayer materially participates, andSuch taxpayer performs more than 750 hours of services during the tax year in real property trades or businesses in which the taxpayer participates.You must also meet material participation requirements for each rental (or group the activity). 

Some investors are all about reducing their tax payments and taking advantage of depreciation benefits.

You must individually own a set percent of the new purchase equal or greater than your selling property in the same tax paying name as when you sold.

To qualify, the improvements must "substantially improve" the taxpayer's home, according to the IRS.Rental Property: If the property is an investment (rental), then the interest on the cash-out portion used for the property or other investments can be deducted against rental income or as an investment interest expense.Consult a Tax Professional: Tax laws are complex and subject to change.

The taxpayer must have owned the residence for periods aggregating at least two years during the five years ending on the date of the sale or exchange [ IRC Sec. 121(a) ].2.

I actually sell on owner finance but still need to track insurance and tax payments.

He'll also be collecting (and paying tax on) interest income.If I didn't have much gain to recognize, I know as a seller I would rather just get all my tax, pay the gain, and not have the risk or hassle of a seller financing note. 

If you have a fully paid off vehicle, you won't have the mortgage interest deduction that other taxpayers will have.There is no 'both taxes', there is one income tax form that includes all your income.You will report your rental income and wages on one tax form.

Investors building or flipping a house to an end buyer are holding the property for sale and thus cannot utilize a 1031 exchange on those transactions.To establish whether a taxpayer has held property for sale, courts evaluate the taxpayer’s intent at the time he disposes of the property.

I don't want to get in the habit of depending upon future incomes to prepay bills if it means we're now "dependent" upon the property to perform. 2-Are there 3rd party vendor that offers nationwide property tax payment plan solutions for commercial properties?