Sean H.
Primary residence stay "2yrs<1yrs" changes return?
I was doing turbo tax, and im surprised that it is changing my return based on the number of months i claim i used the residence as my primary residence. I realize over two years is tax free, but im not trying to do t...
Mark Dowsett
Termination of Month-to-Month Tenancy
Hello everyone,I have a fun situation down here in Florida that I was trying to work through. Basically I have a bully of a tenant and back in March I filed a termination letter of their month-to-month tenancy to get ...
Jennifer Bott
Form 3115 for Missed Depreciation - 180 Day Rule
Hello.I am filing Form 3115 to start depreciating (and to catch up on missed depreciation) a rental property that I have had in service since 2010. I assumed 2015 will be the year of change, since I am figuring this a...
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...
Account Closed
I need to know a safe website to file a 1098 electronically
Hi there. My husband and I have a private mortgage financed by a family member. They need to file the 1098 to show the interest we paid on the mortgage. Unfortunately we all missed the deadline to file it with pape...
Alissa Cole
DIY Taxes with Cost Seg
Hi, we totally missed the boat to get a CPA to complete our STRs taxes. We only had one single family home for 3 months in 2021 so I decided to tackle myself. How do I implement the numbers I received from DIY Cost se...
Adrien V.
Help to find a lawyer
Hello BP Members, My tenant took Home 365 to court and I am also included in the law suit. I am speechless about Home 365 and could write a book about them.
Can anybody recommend a lawyer in Michigan (Detroit) who wo...
Natalie Kolodij
2019 Tax Payments now due 7/15/2020 - 90 Day Payment Extension
The IRS released Notice 2020-17 yesterday which gives tax payers who owe money for 2019 an extra 90 days to Pay. This makes your 2019 Tax Balance due by July 15 2019, Interest and penalties will begin to accrue on the...
Charles Player
Bad tenants
My last tenant did not pay last months rent and basically used her deposit for it. Her deposit was way less than the rent due. She did clean up the property and gave me $300, but there is still damage.She basically de...
Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...