Eric Stiffler
Tax Q: What about expenses incurred prior to purchasing?
I have a couple of rental properties, 4 doors. Been at it for almost 15 years (yes, its just a side-thing, for now...). Have also been doing my own taxes the entire time. Expenses incurred to maintain, fix, service th...
Troy Smith
CPA tax advice.
I bought my first investment property under an LLC this year. The house was purchased in October and is still in rehab. I was told that since it’s not “in service” that I won’t be able to deduct my expenses. Could som...
Lawrence Gillett
How do you value a cash flow negative business?
Looking a buying a non-performing business of an art workshop franchise. Being a franchise, can't share any of the numbers (signed an NDA).
Labor costs are way too high, and the owner is barely involved. There's alw...
John Khadiyev
Buy and Hold tax deductions
I am in a process of buying a property to rent it out. I know that the cost of bringing the house to habitable conditions is only deductible when you sell the property. But since you can deduct property maintenance ev...
Shannon Davis
Tax write off
can you write off all your licensing expenses on your taxes? Money to take your mandatory courses etc?
David Freudenberg
What's Everyone Paying for Rehabbing and Flipping in Florida
I am coming across a lot of leads and deals and I would like to know what everyone is paying for rehabbing including materials and labor for a middle class 3/2 2,000 square foot house on average what are you spending ...
Joe Au
Claim business expenses when filing tax
Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?
Silvia B.
New GA landlord with tax questions
After researching online and in landlording books I am still alittle confused about deductions / depreciations and business vs property owner. Can someone please tell me if I have this info correct?
Bought my first a...
Amanda George
RE LLC taxes (expenses, but no properties)
My partner and I started a LLC in January 2023 with the intent to purchase an investment rental property. But 2023 interest rates soared and we couldn't find a deal that worked. In the process, we did incur expenses...
Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...