So I just brought in some new tenants on the 1st of June, after a well detailed screening process. One of the tenants is a handyman and has been making significant improvements on the home like: better flooring, havin...

Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...

I lease a retail space. First year. I put about 20k into remodeling the space this past year. What's the best way to account for that expense on taxes? It's commecial, and I don't own the space, just the biz...

Evening Ya'all, thanks for the input!I'm purchasing and developing a piece of land with residence outside of Portland (in WA)-Cash purchase-Current LLC. in CA-2018 capital gains offset neededWe're (Wife and I) purchas...

I recently completed building a house for myself and I’m ready to sell while the market is still warm. I can prove I’ve lived in it for 14 months. I’m trying to be creative to minimize my owed capital gains tax upon s...

i am working on my taxes And this is the first year I will get to claim rental expenses. So I am just wondering what items you all are able to claim

Hello gurus,I am trying to teach my self how does this all work. please let me know if my understanding is off.Yes, I know I should hire a professional, but I like to understand things my self.Facts: property bought i...

I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...

This last November marks one year of being a land lord. What I need help with is what can I write off for my taxes outside of the normal office space write off, portion of the utilities, gas mileage, computer write of...

I bought my 9th property (a five-unit apt building) about a year and a half ago. All of my previous properties were basically self-sustaining after I put in the initial contribution for purchase. So all bills were pai...