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...

Hello,I was hoping some of you experienced tax professionals could help me with a question. When looking at the way we manage our properties, I think we would easy qualify as active participants as we are 100% owners ...

We haven't had a section 8 tenant before but we are getting many potential s8 tenants looking at an open property that we have and chasing down information is becoming a time consuming process. It's my understanding t...

Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...

I just bought a single family home. My intent was to live in it and rent out a couple of rooms and then sell the property in 2 years in order to take advantage of the $250k capital tax exemption. My understanding of t...

I recently bought my first home with a conventional loan near the end of 2022. I've been setting it up to rent out part of the house through Airbnb while living in the other half. I've done some research into the tax ...

I know that 1031 exchanges are only for investment properties, and that you don't have to pay capitol gains on the first $250000 for your primary residence (if you're single).So if I have lived in a duplex and rent ou...

I just purchased a SFH in Portland, Oregon and Made a decision to Househack to subsidize our mortgage payment. I’d like to know what tax preparations we could begin to consider now in order to ensure we can deduct a p...

I have been thinking lately I should just get my license to help streamline some things with my investing and save some money. I see all the online course offerings but this 45 hour requirement isn't quite clear.I hav...