@John BergstromMany taxpayers are finding themselves taking the standard deduction as that has increased substantially starting in 2018.You may be able to "shift" some of the mortgage interest/ property taxes as a business deduction if you rent a portion of the house as you suggest or use a portion of the house as a home office.

The expense cannot exceed the lesser of (1) 2% of the eligible building property’s unadjusted basis or (2) $10,000Also, I am sure this is not an issue but just to provide you with the complete information, you have to meet the Small taxpayer definition:Qualifying small taxpayers should have $10 million or less in average annual gross receipts for the three preceding tax years, and eligible building property is a building unit of property that the taxpayer owns or leases with an unadjusted basis of $1 million or less. 

As such, you are paid a gross payment with no taxes taken out.You may be required to pay estimated tax payments throughout the year.You may be eligible to deduct part of the cost of your automobile if you drive clients to properties.You may be eligible to deduct a portion or all of your health insurance costs if you pay for it.There is a 20% QBI deduction that you may be entitled to.If you knew all of the above, go ahead with a software.

The delinquent tax payer redeemed 5.5 months after the tax sale, so I received 6.4% interest on my original investment as the yearly interest rate in Carroll County is 14% . 

The delinquent tax payer redeemed 5.5 months after the tax sale, so I received 6.4% interest on my original investment as the yearly interest rate in Carroll County is 14% .

I have a tax deed on a vacant acre of land and the taxpayer indicated she wants to redeem the property.What paperwork is needed to convey the property back to the taxpayer after they have agreed to the redemption amount and what are the steps in this process for me as an investor?

Man, taking OPM to the next level, I see.The capitalist in me says, go ahead, save every dollar you can, however you can.The taxpayer in me thinks you're a jerk if you can afford your lifestyle and invest in properties.

@Corinna Gossner Any tax paying entity - corporation, partnership, trust, LLC or single or multiple tenants can do 1031 exchanges. 

For some reason, the IRS does not like taxpayer getting a break (i.e. lower tax rate) on gain that was generated by depreciation, so the IRS decides to take back the tax break on the portion of the gain that is generated by depreciation, hence the term "depreciation recapture".

As a matter of fact, if a taxpayer redeems then insurance premium is specifically permitted to be included in the redemption price.Check your state's insurer of last resort of Lloyd's.