Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...

Tax Deduction Question:Taking a long road trip to Iowa to look at properties to purchase for rental this weekend. Wife and kid in tow, we have some family to see there, but most of time will be for looking at property...

During the first week of the month, like most landlords, I'm tasked with collecting rent, paying bills and utilities, and as always, looking for more property to acquire.

I have never expensed lunch when i'm out and ...

The IRS groups us buy and hold investors and sorts and arranges our tax returns on a massive scale. Therefore the name of the game is to not be an outlier for example someone who has total rents of $20K a year but...

Hello all,So I built an ADU on my property in Socal, my initial idea was to airbnb the unit as I live very close to an international airport and I thought this would be a good approach. As I went through the process, ...

My girlfriend and I are planning a trip to Maui in November (YEA!). Am I able to deduct at least a portion of the trip as a 'business expense' if I schedule an appointment with a Real Estate Agent to look at some real...

Hi BP, I’m in the process of renovating and setting up my first short term rental. The property is about 3 hours drive from my primary residence and I go there once or twice every week to work with my contractors to c...

Real estate investors often find themselves traveling to and from rental properties, banks, hardware stores, and meetings with various professionals. If you've set up a home office, your business-related travels are t...

Hi,  I have a general tax question.  I am a long time real estate investor, mostly in my local area.  I recently purchased a property out of state in a university city for student rentals.  I stress that according to ...

I am a Canadian, and have already established a LLC in Nevada and I would like to get some advice as to how I should claim my travel expenses to and from Canada-Nevada. I have been told that I can only claim the actu...