I know that expenses on a rental property can be deducted from my taxable income, but what if I quit my 9-5 one day and invest full time? Can I deduct from my cash flow income this way? 

I'm filing my 2017 tax as married jointly. I have 2 rental properties that are both making losses for 2017 due to deduction and cost of acquisition + rehab; we acquired both of them last year. I am using TurboTax to f...

This will be the first year that I get any tax benefits for the work I have done on my first rental, and I wanted to understand the very basics/fundamentals to determine how much I might get back. In my profit/loss st...

I am in the process of buying a STR lakehouse and was wondering if the furnishing costs are tax deductible? I'm talking furniture, kitchenware, etc - everything I need to have in place to rent it out. I would expect y...

Wondering how many will be taking advantage of the new safe harbor rule? Accountant says need to be in a trade or business and pay SE tax. What is your take? 

I will soon be flipping homes in a newly created C-Corp.  My plan is to pay myself a salary and reduce the Corp's yearly net income to zero.  I would like the corporation to pay as many of my personal expenses as poss...

Question on qualifying for the STR tax deduction. Assuming you meet the terms of the tax benefit qualification (e.g., 100 hours and not more than anyone else) and want to use excess rental losses from the short-term r...

Hey everyone so I bought Craig Curelop book The House Hacking Strategy and I’m on page 260 so sorry if this question is answered in these last 19 pages but I wanted to ask before I forget lol. I started thinking about...

I own a 2 story home. The first floor is rented and I occupy the 2nd floor, and the attic. If I replace my roof, can I deduct 50% of the cost on my taxes? (rental portion) or will this not qualify since technically...

I am not sure if this is the right forum, but I am wanting to start a flower farm this spring and was wondering how to go about it?  Do I become an LLC first and then save my receipts for tax purposes or what?  And, d...