My tax advisor stated that I can’t write off the loses on rental properties since my personal income exceeded 150k.How true is it?

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $110,825

Cash invested: $30,000

This was a house-hack and our first home. It's a 2/1 - 1/1 duplex. We moved ...

I have a property that is held in a LLC that I'd like to do improvements on. I also have an unsecured business line of credit for the LLC/business. If I use the line of credit to make improvements and then decide to s...

Hi , I am curious when buying a rehab using the Brrr method.. Do you use your actual purchase price plus any added improvements as the cost basis for depreciation.   Or can you use the new Appraised value minus the la...

My parents bought a house 10 years ago before the bubble.  They bought it for $180k.  They rented it for 10 years.  Now they sold it for $195k.  What is the capital gains?

I paid $30k for windows this year.  60 windows @ $250 each.  My invoice is itemized. Can I claim de minimis safe harbor since each window is less than $2500 and my invoice is itemized?  I didn't have to replace them a...

I'm in a bit of a unique situation that I'm sure others have been in, but is new to me:I am under contract to close on a new rental property in early January 2016. The terms of my purchase contract stipulate that I am...

Investment Info:

Single-family residence fix & flip investment in Fort Smith.

Purchase price: $67,500

Sale price: $135,000

Single family home in great neighborhood was halfway renovated when a di...

We are rehabbing an property that we will occupy when finished, what parts of the work etc can I deduct or use to minimize tax exposure on the property?

I have one handyman I use alot now as w...

Curious as to whether anyone has approached an owner of an underperforming apartment complex and in-lieu of trying to buy the property, one offers to put up the money to do the necessary improvements and the project m...