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...

I need to change my old SUV that I used 100% for business and I have a couple of questions that I need answer on before I will make my decision.I base my thoughts on fact that president signs $500,000 section 179 dedu...

Sitting around tonight paying the tax bills on the ppties that we're holding first position paper on. Got to the bottom of the pile and had our two houses and and vacant lots, wrote the checks and realized something:
...

I need some advice with property management companies and their standard practice of using what I consider “tenant-friendly” lease forms. These lease forms are boilerplate and typically are created by the state’s real...

Hello,  I was wondering if anyone had any insight on if expenses incurred in obtaining a vehicle for my real estate business would be tax deductible.Example:  I own property in Michigan and purchased a vehicle for $10...

With the section 179 deductions, I know I'm allowed to accelerate depreciation of a vehicle based on business use. However, the vehicle in question was purchased in mid-December 2012, and I only put a couple hundred ...

As a small time RE investor (two properties), I'm thinking it just makes the most sense to 'shift' some of the deductions I used to enter on a Sched A over to the Sched E because of the new rules/deductions with the T...

Hello all, I have a sfr rental owned in a passthrough... looking to pull equity to buy more. With tax changes, am I better off with a rez HELOC, or just taking out a mortgage and letting tenants pay it off, and why?Ty!

Ok.. I have a Primary residence that I'm turning into a rental in 2021. I have not paid my property taxes for 2 years and now 2021 are due.  They are about $9,000 per year.  I owe $27,000 total.   I'm thinking I shoul...

Hi BP! I have a toddler and 6 week old and wanted to start thinking about paying for college. I don't like the traditional 529 because those funds must be used for college expenses otherwise you incur a penalty.I read...