My property manager charges the tenants money that goes towards the water bill. This money is disbursed to me each month with the income from the property. How do I account for this extra money? Is it considered incom...

Looking for some second opinions on anyone who is "self employed" and has a Solo 401k. Probably folks here know about check book 401k's and such to invest in real estate. I am now in a contract position as 1099 and ha...

I have a court judgement against a former tenant for unpaid rent and damages. How do I include this in my tax return if at all? I assume I can only claim for the assessed damages portion, as I have yet to complete ful...

Hello,I have read the requirements to qualify for material participation on an STR, but I only see info on hours/ work preformed. Are there stipulations on having a full time job, or a threshold of how much income you...

Happy New Year everyone - hope 2017 was great!We receive payments online via Cozy and I am entering our payments received into Quickbooks to finish the year. We had a few tenants pay online for January of 2018 on Dece...

So I couldn't really find any specific forum for this.  I am looking for some good, inexpensive software, or even a spreadsheet I can use to manage my rental property incomes and expenses.  I am looking for something ...

Hello BP,I need advice on what is the best way to withdraw 100k from my accounts to complete an investment real estate deal.We file separately and my wife has a lower income and 2 dependants on her filing, so I am thi...

Hi All. I am hoping to gather recommendations for a tax accountant to help me with tax strategy to help reduce taxable income among other support. I am a full time engineer "W2" worker and have been an active licensed...

For someone who is self managing a portfolio of rentals, any recommendation for bookkeeping books? I use REI Hub where all my accounts are connected and I categorize income, expenses etc. Most of the time the categori...

Coming on here because our real estate agent nor local CPA can confirm. We'd like to purchase a home using my grandmother's (retired for over 10 years) funds from her retirement brokerage and brokerage account for a d...