Lynn Knights
Income Tax Return - Buy or pay on Debts?
Hi everyone, I am new to BiggerPockets and Real Estate. I currently rent. Last year I had my second child but only 3 months into my pregnancy I was placed on bed rest and have yet to return. Living paycheck to paych...
Jackie P.
Losses on Tax Return Hurting New Residential Mortgage
So I'm blown away that after 20+ days of a mortgage lender having my tax returns (with schedule E losses), they now come back to me and tell me that I do not qualify for a new personal residential mortgage because ...
Matt Daley
Out of State Investing? File a tax return?
I live in PA and have a PA LLC... I am looking at purchasing investment properties in NJ. I was curious if anyone who has done this has had to pay any sort of tax or file a NJ State return? I just want to make sure I ...
Yacine Rimmo
Last year Tax return no processed vs Lending
Hello BP Community,
I am a long distance rental property investor, living in NYC my portfolio is in PA. Right now in the middle of refinancing and could be able to cash out all money I put in a deal in the same time ...
Matt M.
Claiming tax-returns or exemptions on home repairs?
How would such a thing work? I've heard that if you make repairs to the property that you can claim exemptions on taxes and get the a percentage of the repairs back come tax season?
Ana Mills
Hotel occupancy tax and cash on cash return
Hi guys,I’m looking at a property in Austin and working out the cash on cash return so I can make sure it’s a good investment for an AirBnB. Since Austin charges 11% hotel occupancy tax, should I include that as part ...
Ryan Fox
Where to find cost basis in tax return?
I own about 16 rental properties. From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications. Then there's a long wait... Is there somewh...
Huiping S.
How to prepare flood loss for tax return?
Lots families were flooded from Hurricane Helene. The flood insurance will cover limited, structure may or may not the contents. Lots people's car, appliances were died. The loss is very big for those family. I drove ...
Nick Gallon Martin
Confused about deductibility of interest on tax return
I bought vacant land, built a spec home and sold it to an end user. I know that interest on the acquisition loan can be included in the cost basis since it’s inventory. But what about the interest on a cash out refina...
Venkatesh Nakkala
Need help Final LLC tax return in Turbo tax, no asset disposals
I have a friend who has been using an LLC to manage 2 properties for the past 10 year usign Turbo tax
So they have 2 partners, Each of them has a property titled under their individual names (partner 1 ownes prop 1 ...