I think a lot of CPAs probably see people who buy one house at retail and don't take it very seriously. if anything you'd think they would like another schedule e for another fee.I had the experience of trying to use a new CPA who owned a title company, was an attorney, and a CPA. guess what?

Bem vindo e parabens!

Originally posted by @Ed E.

Guy Varble said, “I use a property management software called R E N T E C D I R E C T and I just click the "syndicate" button and my property gets blasted out everywhere.

Vacancy is just a period where you aren't receiving rent, either physically because the dwelling is empty, or worse, economic vacancy where someone is there but not paying.The tax forms -Sch E or Form 8825 if a partnership or LLC- only ask for gross rents received.

Fundamentally though a cultural inclination of ze germans.

Process has been fairly smooth, save for one HVAC $urpri$e and some delayed window glass.

Aside from the usual schedule E deductions, you'll want to pay special attention to the calculation of the property basis.

Under §1.263-3(e)(2)(i), the building and its structural components is a single unit of property.

Hi @Erik E.!