I am selling a single family home, that i have bought and fixed up over 14 months.  did not live there.  i would like to buy a multi unit (4) and roll the money into that.  just found out we may be closing tomorrow.. ...

For years I have just been claiming the standard mileage deduction. We drove about 2500 miles last year and we are considering buying a vehicle this year. The vehicle is a CUV that will be under 6000 pounds and the ve...

Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...

If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?

Thanks

My wife and I have a mmllc for a duplex in iowa. Would my planned buisness trip qualify for tax reasons. We are trying to go to hawaii this coming May for a ten day trip. Would my plan qualify a buisness expence regua...

We have 2 loan scenarios: FHA with 3% interest rate and 3.5%($17,000) down BUT we have to claim $150k of income on our tax returns for 2 years and pay IRS 70K (2 years worth) total in taxes because we are self employe...

A friend of mine recently told me about a tax sale overage program ($1500.00) that assists former homeowners with retrieving sale overages owed to them by the government. I would like to know if this is legitimate, an...

Our current employer does not offer 401K.  Started to invest on Roth IRA from past 5 years. The max is only 5.5K yearly contributions we can as per IRS limits.  But some of my friends who work has 401K offered by thei...

I'm looking to get a home equuity line of credit for an investment property owned by my LLC. I just talked to two banks and they both said that they don't offer them for investment properties. Anyone know of any good ...

Hey guys!I recently bought a .47 acre lot with a house on one side of the lot for 200K. A developer is interested in buying .36 empty acres of my lot for 150K (I want to keep the remainder acreage with the house). How...