I purchased a house for cash off a HELOC in 2022.  It is in rehab now and no income has been generated from the property.  My W2 life is very simple, so I typically just take the standard deduction. Do I need to itemi...

I am about to sell a rental 3-unit property that has had a good bit of depreciation of my purchase price + the depreciation of the improvements I added, new appliances etc. When I sell the property I am I responsible ...

Hi, I'm brand new and will be investing in my first property soon. I have a question about depreciation. This is one of the big benefits of investing in real estate, but I think I read somewhere you can't take depreci...

Can I house hack a 4 plex and still take advantage of all the tax breaks for the remaining 3 units such as depreciation, etc?

hello experts,Unfortunately we didn’t depreciate our rental property for years, can we start this year by putting 0 for all previous years and use the value of the house when originally bought minus the land value?Tha...

Hi people . This is my first year with my rental i want to do taxes  i want to know if is  t he schedule E form or schedule c. Also want to ask . I removed the kitchen also the roof I paint the whole house i did the j...

What does park model depreciation fall under? I hear anywhere from 5-15 years for tax purposes.

Does anyone depreciate laminate flooring in the event you have to replace some or all of the flooring when a tenant vacates? Similarly to carpet? Maybe a life expectancy when a new tenant moves in?In other words, the ...

Hello,
New to property rentals and wanted to figure out the finances as clearly as possible before embarking on this. My situation is that my rental income will be less than expenses (mortgage, insurance, property ...

Reviewing our 2018 books.
I am working on breaking out & reviewing our rental expenses.
There does not seem to be a comprehensive list of "bonus depreciation" items for the new tax laws. Different accountants I'...