What all can I deduct as business expenses?  I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions.  Can i deduct internet, cell phone, office supplies, car insurance (if ...

In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...

Hi Bigger Pockets,We have a duplex that was out of use for 7 years.  We have fixed it up and have it rent ready.  We replaced roof, bathrooms, flooring, windows and here is the dilemma. Can the w-2 wages I paid my emp...

Last year I filed my taxes as single, and owned a rental that returned a loss. I was able to deduct the losses on my taxes.This year, I am married. The same property once again has a loss. If we file jointly, it seems...

We just bought our first rental the other day and I'm trying to go through a few things regarding how to start tracking expenses, etc. Something that came up is that we bought an umbrella policy (specifically because ...

Hey BPElites - im looking to replace my current homeowners ins policy on one of my rentals. The property is a typical rowhome in Bmore City. I was told by my current policy that after further review they can not accep...

Hello fellow investors! I am working on a 'Buy and Hold' deal and wondering if I should close in December or January for expenses and deductions as I may not be able to rent it out till next year and thus will have no...

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...

Hi all, are expenses incurred searching for and/or purchasing (going to the closing) rental property tax deductible...whether that be mileage, or airfare to another state?

Greetings,I have read many times that getting a good accountant would be one of the first things to do as I step into the world of real estate investing. I found one but he told me since I bought my first property on ...