David V.
For QBI - are 4 rental properties part of a combined business
When entering information on my Turbo Tax Premiere software I see a screen that asks the following: If this business shares common ownership and operates co-operatively with another business, you may want to report t...
Micah Watson
Do I need a CPA? Recommendations?
I began renting my first and only SFR this passed April. Should I use a CPA to prepare my taxes or will my usual online software do the trick this time? Also looking for recommendations. I’m in West Michigan.
Mariah Jeffery
Depreciation of land vs. building
I bought several properties this year and I'm trying to figure out how to get the highest depreciation deduction possible. I do my taxes myself and plan to continue to do so.
The value of the land, according to the ...
Andrew Thomas Vedder
Tax deductions for real estate
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
Madison Lowe
Accounting
What software do you recommend to RE owners/business accounting for rental property passive income and flip accounting. I heard that Quick Books is great?
Trenton Pelloquin
Bookkeeping for long term hold rentals
Looking for recommendations for bookkeeping software to help manage my rental portfolio. My partner and I buy and rehab properties, then refi and hold long term (BRRRR). We also manage 2 other companies together that...
Sean Kehoe
Property management and record keeping
Morning all,
So this year, after like 8 years on this Biggerpockets thing, I finally turned my first residence into a rental! Im officially a real estate investor...man that feels good to say. Im hooked and ready for...
Rik Hunter
Depreciation, some questions
The backstory is that I bought a duplex in 2014, and I've taken depreciation on something at some point in some way in TurboTax, lol. This year I did lots of rehab, mostly interior, and I've been trying to be much bet...
Charissa Bruckman
Write-Offs for Taxes
When flipping a house, what are some expenses that can be written off for tax purposes? This home is a few hours away; so what about things like driving miles, anything we purchase for the house, food while working on...
Ken Latchers
Building 2 - LTR - 39% annual return on value of building!
BUILDING TWOA) Previously I posted a projection for a $135,000 pair of townhomes (BUILDING 1), which came to about 34% annual return on the value of the building when rented as a nicely furnished pair of townhomes. I...