I'm an active investor, but I don't qualify as a professional REI.  I'm trying to understand what types of business related expenses I can deduct.  I have created an LLC that I will be using to buy my investment prope...

Hi BP members,I am looking to sell multiple SFH investment rentals, some that have will have positive capital gains, while others that will have some negative capital gains (just the situation that I am currently in)....

I am in need of a good tax strategist and or cpa my person will be retiring soon in the Denver Colorado Area, I also have some property in Texas.

I have a question regarding capital gain also, so we sold a couple o...

I inherited a foreign rental property from my parents in 2017 and started renting it out in 2018. It was empty for a year. We never lived in or visited the property. I sold it in 2020 for a loss based on the appraisal...

I have a question on the tax issues when it comes to flipping. If one buys and sells homes using their personal names, and say there is a profit of $50K on house 1, and a loss of $20K on house 2, can we offset them an...

I've had my eye on a nice condo in a trendy part of Dallas.  I found one that's been on the market for 8 months and come to find out it's owned by a corporate relocation company.  What's the best way to negotiate with...

I have a co-worker who did a deed in lieu on a rental property and subsequently received a 1099 for the difference between what the bank sold it for and what she owed on it, which was 144K. In order to avoid huge ta...

CPA question.  I am going to make up some easy numbers for thought experiment for a tax strategy, in my head for the future, but thinking I am missing something.  Business owner (Joe) sales a small business ( not rea...

Hello,

We are learning more of the in's and out's of depreciation, trying to decide how to handle depreciation on some properties.

Basically:
* Our AGI is past the point where we can deduct any passive loss carryo...

HelloI have 3 rental properties and want to double check for depreciation best practices.Rental 1 Net income : -13,500 (Due to a lot of repair/renovation)Rental 2 Net income : 6,000Rental 3: 3,000So i thought, I don't...