Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Jeffrey H. Donations from a Foreclosure
29 January 2017 | 1 reply
By the end of 2016 my basis in the property is about 30K getting it ready for sale.I have not plugged in a value for the donated items, but suspect using one of these donation calculators in TurboTax or equivalent it would likely be around $5,000 to $7,500 - more than the purchase price.Should I write this off from my end of year basis or would the IRS say I could only write off a small % of the $2,500 as that reflects the market value of the home and contents - even though the county obviously had no idea what was inside...or maybe the IRS would say once I found the contents to valuable I would have to recognize a gain.  
Danielle Scott Renting and tax questions
29 January 2017 | 4 replies
The other item might have been that your home might be more desirable to own than to rent.  
Todd Hensy Should I buy rental property if not stable?
30 January 2017 | 15 replies
I think that is a great idea, but I would not sweat not owning, heck, sometimes I wish I rented so that I could call my landlord to fix items and use the extra Fannie Mae spot for another home.
Adam Ramsey Refinance Ideas & Advice
30 January 2017 | 3 replies
I also should have known to look at these items as I've worked in Real Estate for awhile.
John Crawford DeBuys Freeman Bad Credit Potentail Tenant
31 January 2017 | 6 replies
They will sell it off in short order to a collector who will begin tacking onto it.
Brian Pleshek Do I need to file a 1099-MISC?
5 February 2017 | 8 replies
Or the CPA might help prevent you from claiming a depreciable item as an expense, which could get you into fine territory.A CPA can knock these things out with one calculator tied behind their back.
John Miller Subcontractor threatening to file a lien
10 March 2017 | 16 replies
I was getting harassed left and right by a debt collector in Colorado threatening me every day.
Martha Daisley Move out checklist disaster, help !
6 February 2017 | 10 replies
If he didn't want to be charged for the items then he should have had them repaired PRIOR to the move out date and when keys were turned over.What exactly is he arguing about?
George P. Buyer's closing cost not disclosed to the seller (seller subsidy)
10 February 2017 | 30 replies
Is there a law that specifically prohibits the closing company not to disclose the buyer's itemized closing costs ?
Frank S. Spreadsheets: Should depreciation and taxable income be included?
10 February 2017 | 4 replies
In addition, some operating expenses are not NOI expenses, so you need "above the line" and "below the line" to allow for those items, such as advertising and commissions.