The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".

Am I correct to assume that's essentially income?

If so, from a tax perspective...

Hi, I have short term rental properties renting by the week. I take a 50% refundable deposit at reservation time, then the balance 30 days before arrival. I take deposits up to a year before arrival. For tax purpo...

Just wanted to share a small success story regarding property taxes. We should all celebrate even the small victories and share our stories because you never know how it could help or inspire others.Fairly recently, w...

Investment Info:

Single-family residence other investment in Norfolk.

Purchase price: $147,800

Cash invested: $3,000

This is a house hacking situation where I'm living and flipping, while rooming wit...

As most of us know; in most of our markets we currently see low inventory and are seeing buyers ‘euphoria’ with multiple buyers outbidding for properties in some instances. HOWEVER as a somewhat seasoned investor (15+...

LinkHi guys. I have a house in West Seattle that I'm househacking.http://seattle.craigslist.org/see/apa/5898642364.htmlI live upstairs and am renting out downstairs. This is my first time owning a house and renting it...

Hello! Newbie here.We have a unit going vacant March 30th and we are looking for tennants to start a lease May 1st. We have never “turned over” a unit so we want that month (April) to do some maintenance, ect. My que...

Myself and a colleague are going to become business partners and begin real estate investing. Wholesaling to start and then later moving on to flips. We are in Texas. We have some experience in the field so we are not...

We're a married couple that both work W-2 jobs (approx. $200k together in 2023). We launched our first STR last fall (2023). It was a new build, and we spent quite a bit of time and money to get it up and running for ...

I'm a little confused on how estimated taxes work for self employment. I was just curious if anyone else has the same scenario as me and if they pay estimated taxes through out the year or not.Currently my wife works ...