If I were to buy a 2 bed condo to live in and rent out the other room, would I get the tax benefits of it being a rental? Specifically, would I get to claim depreciation, write off the HOA fee, etc.?

I built an ADU in LA and live in the front house. The former garage is now a single apartment and has been rented out to my tenant since 2021. the ADU is legal -  was built with all the permits and has a CoO - and has...

I have a single property with two homes on it- I live in one and the other has consistently been rented for the past 6 years.  Their have been occasions when both houses were rented and I did not live in either. If I ...

Hi guys,So I live in NJ and apparently people are rushing to prepay some taxes.  I share a rental property with a friend and we're at a loss as to what we should do here. Any advice?Thanks

It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...

I’m curious how the taxes work for the seller. If they are owner occupiers then they won’t have capital gains anyways. So in that case it is really just the income stream they can maintain.
But, if they are tired lan...

How do you address perspective tenants with a voucher that covers rent, but don't meet the income requirement for the property...in this scenario the rent is $1,200/mo. and the voucher is for $1,050. The individual ma...

I have selected a section tenant to live in my SFH in illinois “not Chicago”. I will be receiving $1362 total a month. The tenant is responsible for paying $414 & section will pay the remaining $948.My question is...

My wife is selling her veterinary practice (both the real estate and the practice). Is it acceptable under IRS rules to do a 1031 exchange into a single family short term rental property? I’d love to avoid capital gai...

I’m selling a rental condo and looking for replacement property. I found a single family home with an in-law that would be great for us as a primary residence. Is there a strategy that would make it possible to 1031 i...