I just finished a chapter in the Tax Strategies for the Savvy Real Estate Investor and it caught my eye when it said you can deduct Property Tax and Homeowners Insurance.  I do not have any rental properties yet but a...

I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...

Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...

I've read the great posts on this subject so far. But I still feel like a chimp with a toaster.

I'm going through setting up an LLC through LegalZoom. My business partner and I will be starting our rehab bu...

I'm just looking forward to the future when I may wish to invest in a syndication through a Roth IRA. Correct me if I'm wrong but since the Roth IRA has no tax liability, the depreciation deduction is basically lost. ...

Hi all-I was reading one of the blog posts on the Short Term Shop blog about Schedule E vs C, passive vs non-passive. In the blog, they reference, "According to Treasury regulations, vacation rental owners who rent th...

Hello BP community.  I have 2 rental properties. One shows profit, and the other shows a loss. My accountant says that I can't deduct the losses because the "standard deduction" is higher than my losses. So there is n...

Hi all,

I'm trying to make sure I understand how a schedule E would work with the following situation:

Five apartment units total that share the address 123 Main St., each with their own Apt. 1, 2, 3, etc. identifie...

I'm a relative novice investor but I have done several flips and currently have one rental.  I do my own taxes but have always struggled with where/how to expense mileage to and from the properties I'm working on.  I ...