Ed Shin
Able to Deduct 2017 Expenses on 2018 Tax Return?
I've got questions about deductions we can take on our rental home, which we are renting out for first time, with the tenants set to move in December 30, 2017. It's my understanding we don't have to pay taxes on the ...
Simon Obas
Tax season. How do I get a nice return?
Greetings. This upcoming tax season will be my first as a homeowner (currently own a triplex and I’m House hacking). I hear there are tax benefits for homeowners but I am not sure what they are. Anything I need to be ...
Mary Jay
Are we obligated to amend a tax return if we missed a tax deduction?
Am I obligated to deduct everything I can?
I thought what I chose to deduct and how I chose to deduct is my choice and my desire?And if we did not take a deduction on something are we obligated to amend the tax re...
Manuel Savorelli
How important is income on tax returns for conventional loans?
Could you get approved for a conventional commercial loan for a small apt property if you only had roughly 20k on your tax returns but have an excellent credit score, $0 debt, real estate owned free and clear, and cas...
Brandon Yuan
Seller Tax Return Filing for the property in Due Diligence?
In commercial deals (apartment/storage, etc), Do you require Seller to provide tax return filing for the property as part of your due diligence document? And how realistic is it for Seller to be willing to provide it?...
Audrey March
Are we stuck without tax return ? What to do next ?
Hi everybody !!First off I gotta say I’m so happy and very grateful to be part of this amazing community. I started getting obsessed with bigger pockets last year and I sold my condo in Florida to start investing. sin...
Bryan T.
Preapproval... What if bank statements and tax return don't match
I have never purchased a home before so I am wondering if the conventional mortgage preapproval process is similar to an IRS audit. For the preapproval, what if bank statements and tax returns don't match? Do they che...
Charlie Pioli
Best CPAs/Accounting Firms in Orlando who handle tax returns
Hi. I live in East Orlando, and just purchased a home in August. I'm doing a House-Hack, and renting out the rooms to two others. I'm looking for an experienced CPA or somebody familiar with doing taxes for someone in...
Raman Bindlish
Acquired property in December - does it go on tax return?
I acquired my first out of state property on Dec 15, 2015. I rented it out starting January 2016. So, there is no rental income or expenses of any kind in 2015 other than purchase cost and some pro-rated tax and insur...
Sandra Habiger
How to deal with depreciation recapture on the tax return?
My friends, who are in the military sold their house last summer. The house was rented out before it was sold. The qualify for the stop the clock provision, so the sale will count as a sale of their primary residence....