
2 January 2021 | 2 replies
I'm looking for a Accounting firm that has a good amount of experience, knows the ins and outs and loopholes, deductions.

3 January 2021 | 7 replies
@Patrick PhilipYou do not deduct the cost of buying land and costs directly related to construction, such as L&M, until you sell the house next year.

3 January 2021 | 3 replies
You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Since you are a real estate agent, you also want an accountant that understands business taxation and deductions as well.

11 February 2021 | 3 replies
I saw that I can list the price for 20% less than the market rent value and still be able to claim the tax deductions.

2 January 2021 | 2 replies
I saw that I can list the price for 20% less than the market rent value and still be able to claim the tax deductions.

4 January 2021 | 2 replies
As such, payments that you make need to be prorated between business deductions and personal deductions.

7 January 2021 | 21 replies
I am thinking sending a formal letter specifying that for items that are deemed non issue they will be charged $200+ per visit to the property and deducted from their deposit.b) Apartment is delivered with one large trash bin, and 2 recycling containers.

10 January 2021 | 6 replies
Both of these things I can't deduct as expenses against my rental income.What did I do?

5 January 2021 | 8 replies
What kind of business can I start to take advantage of tax deductions.

4 January 2021 | 3 replies
You get paid quarterly passive income from rent checks in the form of dividends that are tax-advantaged (qualify for the 20% qualified business income deduction currently) and you have far less liability because you don't have a mortgage over your head.You can also grow your passive income and portfolio size much more quickly because you can compound your earnings immediately by buying more shares rather than having to wait several years until there is enough to make a new down payment.