Hello BP-

I am making the itemized security deposit deduction list for a tenant who I evicted due to no payment and would like to know if I can deduct the legal fees and late fees? The apartment is in the City of Los...

Hello everyone,I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I bought my ...

Hey guys, I feel like this is a dumb question, but do I deduct non property specific items across all my properties right? For example buying a bigger pockets book, I want to deduct it under "other" as education, and ...

Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...

Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...

What exactly are the tax benefits from buying a rental property? How much money should I expect in tax benefits/tax refund from my investment property? Is it a percentage of the interest rate paid? Are there any other...

I have two rental houses that are 400 miles from home.

I understand that to deduct overnight travel expenses, I must spend over half the trip working on a rental. What if I spend six days total, two travel days, wor...

What should I ask for and what should I make sure is covered within my insurance policy? I live in CA so don't have any snow/freezing temp issues. First time I have to go through these different processes.

Does anyone have a rough list of deposit deductions that are typical to withhold? Not needing large item repairs but things like basic cleaning, burned out light bulbs, dirty air filters, replacing stove burner trays,...

Hi All,
I recently just started a Real Estate business specializing in short term rentals in South Florida. I am registered in my state as an LLC. I want to structure the business so that I can write off as much as p...