Omar Hassan
Very New investor with very little tax knowledge
Hi everyone, i wanted to put my ignorance out there and see if I can learn some valuable information from you all. I'm looking to form a simple tax strategy based on a very small portfolio, I want to do it right while...
Derek Smith
Mortgage Interest
I know that you may deduct mortgage interest paid back to a loan, so I'm curious to know is the interest paid back 100% deductible or only a portion?
Kim Livingstone
What tax document do I need?
Regarding depreciation on a rental property, I know that depreciation deductions are spread out over the “useful life” of a property. The IRS allows an owner to depreciate the value of the home over a 27.5 year period...
Gulliver R.
Should I prepay 2018 property taxes now?
There's a lot of buzz out there on this. I know most comments won't be front CPAs or tax professionals. I might be a little late on this, but should I pay my 2018 property taxes now before the year runs out?
Lucas A Riemens
Creating a secondary business
I am considering forming an LLC for landscaping and a second for construction. The thought being that it would create additional tax breaks when purchasing equipment etc that would be mainly used to maintain my prope...
John Brees
Depreciation on multifamly
Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000. I'm hopeful a CPA on here or more experience...
Julio Gonzalez
Understanding When to Use Bonus Depreciation and/or 1031 Exchanges
They always say that there are only two things that are certain in life - death and taxes. However, that doesn’t mean that there aren’t strategic ways to lessen or defer your taxes! As a real estate investor, it’s cru...
Chandler Hall
Final Inspection and Return of Security Deposit - Ohio
Hi everyone,I have not seen it anywhere on the internet, but my tenant is requesting to be present for the final inspection before she moves out of the unit. Does anyone know if she has a right in Ohio to be present a...
Michelle Sangalang
W-2 High income looking for ways to minimizes taxes with Real estate license
Hey BP Team!Looking for some advice on how to minimize taxes in CA. Here are the facts:1. High income W-2 ($400k+) earner and would like to keep my job.2. Own 3 LTR properties all in CA under a Trust.3. My spouse and ...
Steve N.
The Standard Deduction exceeds Itemization
I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.
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