It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...

Hey BP,I have converted a couple long term rental units to short term in 2017 and plan to convert several more in 2018.  I was hoping to get in touch with a CPA to work on some tax planning for 2018 as well as get a b...

Hi,
I would like to know under what circumstances does one file for 8825 vx. Schedule E.

Also I just got a schedule E from a seller. However in the tax line of the form there is no entry. The profit is being shown w...

We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...

I have 2 properties, each property has about $10,000 in real estate tax per year (Lovely NJ). Is there any loopholes to deduct the full amount of property tax that I pay? Both properties are under my name. (With conve...

I am in the process of buying a house for my parents who will not be paying me any rental income, I will be making all payments. I will own the property and have been approved for an investment property mortgage. Beca...

My question is what are my options for capital gains taxes? I am going to sell a flip house and profIt about $30k. Do I roll this into a new flip house, purchase investment property or down payment on the purchase o...

Quick question about 2023 expenses.
We purhchased our first inventment property at the end of December 2023, but did not get it listed for rent until January.
We had some expenses associated the purchase in 2023 tha...

I found this forum searching for information on Schedule E and owner occupied rentals.I'm confused about some of the finer points of renting a room in an owner occupied rental. This isn't my situation, but one of a fa...

Hi BPI'm finishing up my first year as a vacation short term rental owner. I have a couple of tax questions that I want to familiarize myself with before I send everything to my CPA.I rent my property through VRBO/Hom...