Nick Morgan
Can I depreciate at 100% after moving out of my house hack?
I owner/occupy a duplex. I have two questions:1. Let's say I replace the roof, depreciate over 27.5 years, and move out exactly 2 years later. During years 0-2, I can only deduct 50% of this depreciation. Am I able to...
Colleen Esposito
Insomniac challenge from a newbie
If mother luck shines about 2 months more, our goal of flipping until we can pay cash might come true. My question comes in after the purchase. I need deductions. Mortgage interest and taxes were some big ones. I have...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Alexander Sergov
House Passes Bill Hiking Taxes for Many Home Owners
Congressional tax reform bills. Today, the House passed a bill that would reduce the value of the mortgage interest deduction, eliminate the deduction for state and local taxes, and cap the property tax deduction — in...
Jared Smith
Know your Taxes in Arizona!
BP Community,I love the fact that everyone here on BP knows that it's not about just making more money/cashflow/appreciation, but saving/cutting costs/increasing efficiencies really help your bottom line. It also help...
Louis P.
Effective tax rate on PM Income or RE Agent Income?
It's Tax Time! Curious to see what independent property managers or real estate agents are seeing for effective tax rates.
Given it's a service business with little offsetting expenses/deductions, seems like it can ...
Muajmong Vang
Looking for decent home insurance coverage with decent rates
Hi All,Located near Arlington, TX in Grand Prairie TX to be exact (75054). Trying to find decent home insurance. I have tried a few online places that quote me for a 2story house 2500-2800 sqft new roof and standard t...
Raj G.
Property Tax-how to distribute
Hi, I bought my home(Bayonne, NJ) around Dec 12 ,2016, tax for 1st quarter 2017 was already paid by previous owner, so I paid that amount in closing of home then for the remaining 3 quarters I paid via Escrow account...
Srini K.
Buying a car
Can I buy a new or old car that i would be using significantly for driving for dollars, or tenant related issues and claim depreciation.Is it required that the car needs to be on your LLC or can it be on your personal...
Gaurav Mehta
Tax Deductions for Investment Property not yet rented
Hi,I bought an investment property in July 2019 (all cash purchase). Took me some time to remodel it. Had to fix everything. Spent $12.5K on roof (did through a roof company) and then around $55K on everything else (w...