Wondering if anyone has been as negatively impacted by the new tax laws as I have and looking for a solution.  This question is directed towards other CPAs, loan officers or any other commission employees who are paid...

Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...

For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.

Thanks,
Angie

So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then t...

I bought a 2 family house and live in one of the rentals. Renters pay own utilities minus water and sewer. I created a security deposit and a personal account dentoted as a rental income checking account. My next move...

Im purchasing a 5000 sq ft industrial commercial flex space and its my first time doing this.  I mostly own single family residential.  Im using a commercial brokerage.  Im wanting to understand the finer things when ...

I’m trying to put together my first buy and hold deal somewhere between a single-family residence and a four Plex most likely. I’m using the 50% rule for every property I come across and none of the numbers seem to be...

I have rented my condo in august 2013 using property management service.
Tenant paid whole year in advance ( lump sum/single payment ) .

I have received sum of 9000$ from property management and that is aft...

Hello, I am new to the rental property arena. Currently have one duplex with aspirations to buy more in the near future. To minimize expenses I am doing light jobs at the property. Snow removal, mowing, painting, e...

Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...