Colin W.
Home Office Deduction - Sch. E or Sch C for Rental Property
For my rental properties I maintain a home office. Should this deduction be taken on Schedule E along with my other rental expenses? I ask because Turbo Tax lists the home office deduction on Schedule C.
Jonatan Nir
Due diligence for first time multi family buyer
Hello BP members!
So far I purchased single family homes and I want to buy my first multi family property.
I am looking to buy 20-30 units.
I would like to know what are the due diligence checks I need to for mult...
Richard Warren
Another Stimulus Plan? Oh Please Say You Aren't Serious!
Nancy Pelosi is at it again. She wants to call congress back in session after the elections so she can give away more money that we don't have. Enough already!
http://news.yahoo.com/s/ap/20081008/ap_on_go_co/meltdo...
Eve W.
Besides keeping the receipt, do I need to keep the credit card statements?
I keep all the receipts for the business expenses. Do I also need to keep the credit card statement or check copies in case of IRS audit?
Jillian Sidoti
Reg A+ passes with the SEC
We are so excited about Reg A+ here. Great news for capital formation - this morning the SEC approved the rules for Reg A+, aka Title IV of the JOBS Act!More detailed overview coming soon, but some quick details...Wh...
Laura R.
NY taxes on second home
Hi all, I read an article awhile back, I can't find it anymore but the gist of it was that anyone living part time and working remotely in a second/vacation home in NY state would be liable to pay NY state income taxe...
Tatyana E.
HR Block or CPA?
I'm a new landlord and I can't decide whether I have to do my taxes at HR Block or shall I go to CPA.
Last year I brough my mother to the US from abroad (adding dependant), bought 2 houses, paid cash for both but too...
Bruce H.
Can I mow the lawn on my self-directed IRA property?
I own a couple of empty lake lots in my self-directed Roth IRA. Am I allowed to mow the lawn on them? Or maybe doing a little removing of brush by hand? Thank you, Bruce
Buddy Holmes
Turbo Tax Users in Real Estate Investing 1031's DST's and holds
Call me what you may, I like doing my Taxes on Turbo Tax (TT) so that I can do tax planning and what if's. OK I am a retired engineer but my slide rule has been packed away.I would very much like to find an experienc...
Account Closed
Property sitting
If a property has been uninhabited for 5-6 years because we were waiting for the housing market to go back up before selling, is this property considered to be for investment in which case it would qualify for a 1031 ...