There are multiple ways to put more money back in your pocket when it comes to real estate property. Here are my top 8 ways to save you money.

1. Energy Efficient Deductions (179D) – Your property may be eligi...

With the annoucement of the new GOP tax bill, I have seen a chunk pertains real estate taxes involving deduction limits. Without going into political stance could someone please explain what this new tax reform bill w...

Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...

Dear fellow BPers,I have a house that leased to 4 tenants in California. Unfortunately, their relation broke down and were disputing about anything. In fact, one tenant is already threatening to sue another in a small...

Hello Tax team, Here is the scenario and I want to understand how the cost elements needs to be treated from taxing aspect?I purchased a property to flip in 2022. The property was ready for a sale in 2023 but could no...

Warning: Newbie Investor Question!I'm going to start renting out my first house in January and I'm curious if there's any sort of cheat sheet / checklist / reference of all of the different tax deductible expenses tha...

For anyone new in Real Estate, cost segregation is something to look into. What is cost segregation? A cost segregation study allows building owners to accelerate depreciation deductions that are, typically, taken ove...

I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:

I'm getting ready to take posses...

Aloha. 🤙🏾 Looking for advice and insight. Any help is much appreciated. Recently I have been exceeding the limit on tax deductions for my rental property business, when filing for my annual tax returns. Every year I d...

I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...