I did it! I bought a duplex. I'm living in one unit. I'm renting the other. Now, I want to be proactive about the bookkeeping so that I don't have a nightmare at tax time. Here is what I want to know. I set up three n...

I'm in contract on a house in Atlanta (Stone Mountain).  I just noticed that the lot size is listed as .6 acre (25,000 sf), which is huge.  I looked at how it's parceled, and it has a regular sized back yard with back...

Is there an expert on the 8825 that can advise what's the best way to handle Misc. Expenses such as Accounting, Office Expenses, Suplies, Tools, etc.?  I just started my LLC in 2015 and filed my return last year loggi...

For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.

Thanks,
Angie

I am analyzing my first property to buy and would like to know how investors account for business expenses (CPA,  accounting,  legal,  etc.)  Should I account for these expenses from the reserves from each rental prop...

I was reading a BiggerPockets book and Mr. Turner said when estimating expenses, you take the vacancy rate and apply it to the rent price and include that as part of your monthly expenses. So if rent is $1000 and VR i...

Came across this article while reading The Real Deal... Anyone looking for a place to rent and want to split one? :wink:

http://cityfile.com/dailyfile/2873

Hi there, when my family and I travel, we simultaneously use that trip to look at potential investment properties. I was wondering, are any of those travel expenses tax deductible?

Quick question to the Tax pros out there.  I am considering resurficing my rental garage floor with Plyurea and was wondering if this can be expensed or is this an improvement that needs to be depreciated?  I suspect ...

I'm preparing to file my taxes as a land lord for the first time and looking for some help.  I own a duplex and live on the second floor but plan to move out and rent this floor.  Can rehab costs for the second floor ...