https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040Never a dull moment.  

After watching podcast 689 (Pay No Taxes in 2022), I am motivated to see if I can purchase a STR prior to the end of 2022. Is this feasible? Is there a minimum number of days that the STR would need to be available or...

Hello BP:We recently used a portion of our HELOC as a DP for our 2nd investment property.  I'm reading that interest on a HELOC can be a tax deduction.  Is this correct?  Am I able to write off the HELOC (2nd investme...

I have my rental real estate principal and interest mortgage payments going out of my LLC bank account. I believe only interest and real estate property taxes are tax deductible. How do I account for mortgage payments...

I have 4 homes. 3 investment properties and a primary residence.  I have used the same tax preparer For more than 20 years.  I'm new to real estate investing. I just started in 2018. My tax lady has said that she has ...

Hi there,I have bought and sold 2 properties over the last 3 years. My tax agent just told me that I would have to pay 15.3% self-employment tax since it's considered a business. But 2 houses in 3 years can hardly be ...

Hey all!  I’ve finally pulled the trigger and now a few weeks from closing on a 2 unit in my “back yard”.While I’ve read about many tax / write off advantages to investment properties, I wasn’t planning on getting an ...

My accountant has taken the position that health insurance premiums for full-time, self-employed real estate investors are not deductible on Schedule E since real estate is not technically considered a business ...

I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...