I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out f...

Hello everyone, Have a Tax related question and looking for some clarification. It's the first time selling. and getting some different answers from accountant, so im confused as to what to do.  Here's the backgroundI...

I opened a wall of an old house and found some wood in terrible shape. There is no sign before ripping off the drywalls. I was told by a contractor there that it's termite. Never dealt with this thing.
Is this done b...

I apologize ahead of time for asking this, as I am sure I know the answer, but before getting involved, want to be sure I understand it fully.

I have a realtor who works in a city over from me. He emailed me off of ...

Hi, If I have a single member LLC where the member/manager is a Trust and Me and my wife are the Grantors/Trustee of the Trust with beneficiary as the Living Trust. In this case can the LLC be considered as disregarde...

This is for our own home. I've started constructing a low-level deck in our backyard that encircles a beautiful shade tree. The deck will be about 19" above grade at the highest, so no permit or railing is required. I...

Ran into a problem trying to qualify for a VA loan. My income and credit reports were fine and I qualify for the amount I'm seeking but...I'm the majority shareholder and managing member of an LLC which consolidates s...

If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income?  Or only against LLC income? thks

I recently closed a 240 unit deal and in my deals as the syndicator, I received an acquisition fee for putting the deal together.My background is a CPA so I feel I have a pretty good understanding on how the fee shoul...

Hey everyone, looking to invest in my first OOS property...I looked up tax history and it says the home has (or had at least in 2020) a homestead exemption - my general understanding of homesteads is that tax payments...