Considering purchasing my first rental property. Can anyone give me a brief description on the tax implications of owning a cash flowing rental property ? What are the pros and cons from a tax standpoint ? 

Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service?  I was under the impression that you cannot, that they must be added to the ...

I'm wondering about using the rule in 26 US Code 190 to expense, instead of capitalize, costs to improve accessibility, whether it's ramps, widening doorways, etc. The code states I have to make an election to make th...

Hello,My wife and I are planning to get into real estate investing with a vacation property in the Florida Keys, specifically Key Largo and Tavernier. We love vacationing there, but have since wanted to consider it as...

We are doing a few renovations on single family properties. Meantime we are doing land flip and generate a great return. How come the expenses on the rental properties can not be 100% deducted from capital gains from ...

Hi,

I am looking for a bit of advice on travel expenses, I am looking to travel to another city to look at rental property. I am currently owning all my rental property in my name (not LLC), and I am looking to acqui...

I have read IRS publications and scanned forums but can't find a direct answer to my very specific questions.  I sold a rental property last year.  The IRS says "Vacant while listed for sale. If you sell property you ...

I'm doing a large scale renovation on one of my rental properties, and have a question that I can't seem to find an answer to. As I understand it, anything done as part of a larger renovation (even if it normally coul...

Hey guys,

I'm sitting here pouring over my tax documents getting ready to drive them up to my CPA, and although I'm sure he will file them correctly, I was hoping to gain a better understanding of them before I file...

In the middle of my first 1031.  Of course my 1031 exchanger referred to their attorneys when I asked these questions.  Yes, I will of course ask my tax professional as well.  I am just curious to hear what other 1031...