Julio Gonzalez
SECTION 179D Energy Policy Act FAQs
Are you familiar with the Section 179D Energy Policy Act Certification? It calculates the tax deduction received due to the installation of assets that are energy efficient such as lighting, building envelopes and HVA...
Rich V.
Trump's Tax Plan - Impact on Investors?
Hey BP Family - There was an awesome blog post today that was blasted out on the BiggerPockets newsletter that was written by @Brian Davis. I'm a CPA and really enjoyed Brian's post. I'm interested as to what our comm...
Mathew Zorn
Owning a rental and tax write offs
This last November marks one year of being a land lord. What I need help with is what can I write off for my taxes outside of the normal office space write off, portion of the utilities, gas mileage, computer write of...
Earl Howard
Paying off which mortgage first?
I'm seeing that is pays to actually pay off a mortgage of course. but My question comes from a tax stand point:If you can pay off a mortgage which one should you pay off first?Rental that has income coming in? or Your...
Ashley Langeliers
tax code income limits
Hi everyone! Last year, my husband and I became landlords by default when we moved out of our primary home on the Central Coast of California to the Bay Area for job relocation. It worked out nicely however as we ha...
Jason Kimery
Cash out refinance to pay down mortgage on personal residence
So we owned and lived in a house for 5 years. Last fall we bought a new one and turned the old one into a rental. The rental is worth 160000 and we owe 55000. While doing our taxes we realized that we won't ever surpa...
Daniel Flores
Accidental landlord Tax question
New job is going to take me away, having me moving from my primary residence and hoping to rent the house out. I am wondering how this is going to affect my tax liability on what was my primary residence. Don't want a...
Brianna Babienco
Tax advantage for property purchase
How do you figure out how much money you’ll save on your taxes by purchasing an investment property? Or how do you calculate tax advantage?
Say (very hypothetically😂) I had an income of 400,000 and I bought a $100,...
Account Closed
SFR Deposit Cover Yard and Lawn Care?
On the tenants last day she was cleaning out her stuff and I saw some obvious damage to the hard wood floors. I called my favorite flooring guy and he ended up renting the place! Zero vacancy days and now I have a te...
Nathan S.
Home Office Deduction - Mileage
Hi BP world, I am currently not taking a home office deduction since the entire space I use in my primary residence for my rental business is also used for personal activities (computer, file cabinet, office desk). A...