How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...

I am a first time house buyer. 3 of us just made a LLC and are planning to buy our first rental property. I contacted an agent about a property and got a cashflow analysis worksheet from him. So, the property is f...

Does anyone know if setting up a separate bank account for sales tax on rental income is necessary in the state of Florida, as is an escrow account for security deposits?  Also how often is sales tax due?

My husband and I are closing our first 2 wholesale deals soon. I'm wondering what to do about gov taxes on the income we receive. Do we hire a CPA? Or is it still simple enough that most people can still handle themse...

I purchased my first rental property in 2014. I have a few questions on Income Taxes.

Can I claim the closing costs?
Can I claim the 25% I put down?
Can I claim the insurance, property tax, property management f...

Hi all- I am new to BiggerPockets here and investing in real estate. I am looking to get started using an FHA to purchase a 2-4 unit multi family property. As I am running my numbers a few things I would like some ins...

I’m currently house hacking a two family home renting out two apartments (living in the basement apartment I built for myself) I have a FHA loan but my questions are related to filing taxes, & claiming income / d...

If I live in CA and earn income from AZ (re sale or rent income, note sale or interest income) do I pay CA or AZ state taxes? Does it make a difference if assets are owned in an entity?

I have a flip in MD for sale and the buyer has one condition to clear in order to get the CTC. He has fraudulent income reported on his tax transcript. The employer that reported the income to the IRS has provided a V...

Hey BP! For my accountants and tax gurus out there...I started an LLC ready to start real estate investing right before COVID. Looks like I’m sitting this year out (based on the market). I have business expenses relat...