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Results (6239)
Rachel Payton Hire a CPA? Or tackle taxes myself?
27 December 2017 | 6 replies

The last couple years I've had someone else do my taxes.  This year I received a letter from my CPA that the cost is going WAY up.  So my question is how difficult would it be to do my own income taxes?  It's basicall...

Aidan Mulligan Stessa: How do I record home depreciation
19 March 2020 | 8 replies

I use stessa to track my transactions both incoming and outgoing. At the end of the year there is the option to download a tax report that includes and income statement, net cash flow, and capital expenditures. I can'...

Danny N. Taxes Owed On Land Sold In A Foreign Country
4 June 2017 | 5 replies

I have a piece of land in another country that I paid $20,000 for in 1989, its currently worth give or take $300k based on other comps in the area. If I was to sell it and net lets say $275k. What would I owe in taxes...

Na Na Unintentional landlord... do I depreciate?
17 March 2014 | 7 replies

Hoping from some help from this excellent BP community, since I am doing my own tax return. It is usually very simple for me.

I purchased my condo in 2006. Permanent residence until military transfer in 2010...

Christopher Freeman Personal Accounting Software?
31 January 2021 | 1 reply

Howdy all,I'm looking for suggestions on software to keep my personal finances in order.My rental accounting sits within a property management system (Rentec). It only really does income and expense reporting, no bala...

Travis W Condon Business advice for landlord looking to start mobile food business
2 February 2023 | 10 replies

I currently own 2 long term rentals. Closing on a 3rd rental mid February. I've decided to start a side hustle involving wood fire pizzas. I bought a mobile oven trailer that can cater and be a food vendor for various...

Errol Graham Accounting and Management tools for Landlords
3 November 2024 | 15 replies

Hello Biggerpockets colleagues,I am at a crossroad. As my real estate portfolio has grown over the years both in terms of the number, types and location of the properties, including across states, I have continued to ...

Wilson Pereira Real estate mortgage and taxes
4 November 2020 | 7 replies

I have my rental real estate principal and interest mortgage payments going out of my LLC bank account. I believe only interest and real estate property taxes are tax deductible. How do I account for mortgage payments...

Salvatore Giancola Tax account in Ontario
11 November 2018 | 2 replies

I've done my own taxes the last few years. Used td's software and TurboTax free software. It was easy for me, single guy only 1 income from my day job. Now with 2 rental properties, I'm thinking that I should get my t...

Cam Chan Low cost option for Cost Segregation?
11 March 2020 | 2 replies

Does anyone know if there is a software or service that is a Low cost option for Cost Segregation?  I understand that there is such a service/software that is enough to meet IRS standards without an actual appraiser g...