By saying that, you now will have to delete your email account and block your DMs, but the good news is that there are a couple good ones in the bunch.

I'm a W2 employee, all long term rentals, no STRs.#1) If I have capital gains from stock dividends and interest income (high yield saving accounts, etc) are those offset by my PALs.

You’re right, REI bookkeeping is a little different and it’s good to have your REI books set up properly.If you hate bookkeeping and would like to pass it off, I’d love to have a chat with you!  

What's going on BP?! I'm excited to be back on this platform!I started here about 10 years ago as a total NEWB and had NO IDEA what I was doing. Found a mentor on this platform and have gone on to do over 200 houses a...

With delayed financing, you can get a mortgage that's treated as purchase money financing after closing so long as no lien was put on the property during the purchase.

Can someone explain in simple terms what prop 33 means in California? Does this help me or hurt me? I have an investment property in Los Angeles county, my tenant is paying me on time.   Who benefits from this prop?

Hi Kailas - Yes, you can typically rent out the main house and the ADU to separate tenants on separate leases (so long as you're compliant with city regulations/restrictions).

A good CPA will provide greater value in advisory and tax savings through proactive tax planning than the fees they charge.

There are a few other options and long shots I can think of, but I am wondering if anyone might have other ideas or insights?

IRS Publication 590 is a good resource to examine these items as well.