Point and case:We just bought our 3rd house in the last 4 weeks.We paid $2000 each to 2 sisters that we reached out to for the house we bought yesterday. Yes $4,000 total purchase price.They thanked us when we conclud...

I desperately need to purchase a rental property to reduce my taxes. Finally to the point where the cash flow is good but taxes take a huge chunk. Not sure where I start because I want to retire within the next year o...

I live in San Jose CA and have been working with my CPA for the last 8 years and he's been great in handling the W2, capital gains, etc. However, since last 3 years I've grown my real estate portfolio and have realize...

I am coming over here for very needed   help with very difficult problem .I am in my senior years .My question is about gain taxes strategy in my  complex situation .The property , condominium in prominent Hollywood C...

Hi, I own an unimproved lot and capitalize HOA fees and property taxes every year to increase the property basis by amending my taxes and adding something like the following “magic” text as required by the IRS:
“For ...

How Long Before You Bought Your First Tax Deed?... That is, after you learned about them. And for how much? (If you don't mind me asking.)From there, when you got the deed, what did you do with the property? 

I purchased a 3 family investment property in Brooklyn NY back in 2008. I was under the impression that there was a 10 year 421a tax abatement on the property. Turns out it's actually 25 year abatement. Super Lucky ...

A cost segregation (seg) study is a detailed analysis of the components of a building so that the separate components can be separated and classified into shorter depreciation lives. By performing this study, building...

For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...

This is not a thread to debate the government shutdown (political discussion is against the forum rules), but rather just a warning to people that I just ran into an issue.  10% of our workforce is government employee...