Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!2️⃣ Property Tax Deduction: Clai...

How to calculate rehab cost and report it?Say, you bought a property for $100K and rehab costs $50K, no income.    can you report loss of -$50K ?  plus deductions from tax, utilities?

We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...

I just purchased a house by the beach that will be a STR.  I am in the process of renovating, but I am doing so from out of state, and for various reasons I might not generate an income from the property this year.  C...

When analyzing cash flow, and with respect to depreciation:Do I calculate depreciation into cash flow projections?If so, is it on the total price, or just the building and not the land?And, is it figured on the basis,...

As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...

HelloI live in Bay Area and want to open up an LLC in Missouri with a few partners. My question becomes do the profits from real estate investments go into the LLC account first then get distributed after? Also, would...

I don't normally seem to make money, so I don't have this unusual problem :)

I am expecting a gain of about $50k this year from a flip deal. I have 15 rentals and I will probably depreciate them all, and take any ...

Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1)  For appliances that I purchase BEFORE official "available to rent" date. Do these h...

When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.


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