If my deductions are greater than the income generated from my property, how does that effect my tax liability?

Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?

I'm renting my home out to a family who are in a middle of a sticky separation. They are unfortunately not being very civil at the moment and as their landlord, I'm somehow caught in the middle of it. The lease ends i...

Hi guys! I was wondering if anyone out there has ever had to deal with asbestos during their renovation? If so, what did you do about it, and how much did it end up costing you? I want to remove a wall in our house bu...

For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...

I bought my first investment property in the US with an investment partner, but I did so with a conventional mortgage. I am the only one on the mortgage documents and title to the home. While I'm the only one on the l...

I'm a 25 year old Journeyman Carpenter and my wife is a Realtor. We have successfully "flipped" two homes on the side now. We lived in each house two years to avoid capital gains. I did 100% of the work myself, mad...

Should we refom health care? Do we leave thing the way they are? Do we pay $800 co-pay per month and then bail out banks? Are we listening to our president or do we disagree just to disagree? Please share how you feel.

This is very long. It goes over in detail what happened to me, what caused it. How i came to buy my first home and why desperation caused me to think out of the box for a solution to repair my life and the steps i did...

Hello,I own a home in the Willamette Valley in Oregon.  It rains a lot here and we have clay soil.  There was some cracking in my foundation when I bought the place but I had the foundation inspected and the engineer ...