Hi,

I bought 1920 house and gut renovated it. Is there any tax deductions for renovating old house?

Quick question for those who are familiar with Alabama tax laws...for an LLC partnership that has done no business in 2017 (it was started last year but no deals were done underneath the LLC) is it still required to f...

Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...

HiI have W2 income and short term rental income reported on Schedule E. I file jointly with my wife. Has anyone figured out a way to leverage AB150 SALT tax workaround in this situation to pay California taxes? May be...

Hi I am CA resident and invested in two syndicate deals over the past two years. The syndicate property are located in GA and AZ.   despite the loss each year, I have been e-filing state tax separately for GA and AZ. ...

Hey folks!So I have my LLC formed.  Most Hard Money lenders wouldn't even consider me without it.  Ok, so that is done.  Now I need to get my EIN, correct?  In the form SS-4 I select that I am a one member LLC. On the...

I put in the wrong service date off by 1 year for placed in service for one of my properties.  The depreciated value was off by 37 dollars. This was on the federal form and I can fix this on the state form , but woudl...

I want to buy a tax lien from a reseller, he buys a lot of them and resells the ones that seem to head to foreclosure. Is it a smart move in general, to be buying the lines someone else doesn't want anymore ? My only ...

IRS CP2000 Notice: Why Real Estate Investors Need to Think State & Federal
Quick story that could save you thousands in tax exposure...
Had an investor client who received a CP2000 notice for unreported rental i...

Hi BP. I want to ask of everyone’s opinion on something that seems pretty risky. I’m a college student (no income) and owner financing is one of the few ways that I can purchase rentals. How does everyone feel about a...