I’m looking at buying a home as primary residence.  What portion of the down payment or cash to close is tax deductible?  Can I expect a decent tax return next year after buying a home as my primary residence putting ...

Hello, everyone.I started to fill out tax return this year and figured out that I cannot offset my $40000 self-employment income towards $20000 rental loss, and I still owe 15.3% self-employment tax which is almost 7 ...

The IRS released new guidelines and best practices for their internal review/audit process of 179D tax deduction claims. If you have claimed this deduction or plan to in the future, ensure that your CPA or tax special...

I currently have a two unit property under contract, initially it looked as if it was going to be classed as an investment property with 15% down. Our lender has now informed us that since it is multi unit it will nee...

I am hoping that a CPA might respond to this post. I'm going to sell a rental house via owner financing and I'm playing around with various loan amortization schedules to settle upon loan terms where I wouldn't pay an...

I am planning on purchasing my first rental property within the next 6-8 months. Right now I am leaning on purchasing in my name without going the LLC route at this time. My question is... since I will incur expenses ...

OK for those of you that only have a handful (or 1) rental and a personal residence, which would you pay off first and why?
A couple assumptions-
-You have a lower pay off amount and a higher interest rate on your a...

With the annoucement of the new GOP tax bill, I have seen a chunk pertains real estate taxes involving deduction limits. Without going into political stance could someone please explain what this new tax reform bill w...

Is it worth to take deductions if it does not change your tax liability?

Let's say my only income is 8000 for a home for the year. I get my standard deduction and end up not owing any taxes.

Is it over kill if I k...

Hi all,I am a fairly new investor with 1 long term rental property.  Last year was the first full year it was rented. The property is paid off so I do not have a mortgage on it. Even with some repairs, I was not able ...