We are currently in a sales tax audit with the state of TN.  The auditor is stating that it is my responsibility, as STR owner, to pay tax on the service fee that VRBO charges guests.  How could that be possible?  Thi...

Hi everyone - are there any economical solutions to cost seg studies for SFR's?Thanks, Jonny

We reside and pay California tax.  We have rentals in Ohio, Hawaii and Nevada now.  For travel expenses we have racked up a lot of expenses on a property in Hawaii.  For the Hawaii duplex. We legitimately have been fl...

I am investigating different sponsors for investment opportunities.  I am reviewing the track records and some of them seem a little too good, like they've never had a bad investment.  Does the SEC require a sponsor t...

If I use lines of credit for a down payment on a apartment complex do I have to pay taxes on my cashflow before I pay back the lines of credit or after?

Short: Can the Cost Seg Study result vary based on "WHO" does it? Should I shop around?Long:Thanks to my awesome CPA, I've learned about STR Loophole and embarking on the first cost-seg study. As a noob, I wasn't sure...

Could a long term lease could be written as a series of short term leases (less than 30 days), and thus qualify income from the rental as "Active" and thus allow the tax filer to file as a "real estate professional"?

Hello, Anyone has experience using REPS status via their wife or husband to offset W-2?  MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...

So the majority of all of the contractors or people I hire to help at my rental I pay in cash because they don’t accept credit card or check and they don’t have an EIN. Another example is cleaning ladies and or painte...

First, a little background. I am 23 years old and currently work at a CPA firm and will be done with all of the CPA exams in a few months. The firm I work at audits numerous low income housing projects and elderly hou...