Steve R.
Is this Deductible Mileage or is it part of my Commute?
Hi All,I'm confused about whether I can deduct this mileage. Here is the situation...I commute 15 miles to work every morning and after work I often stop by one of my rentals, which are in the same town, to pick up re...
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
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...
Kevin Trumbull
Do I have to have a company to write off travel expenses?
I'm a new to-be real estate investor and I was wondering if I will be able to write off travel expenses if I do not own a company.For example, I'm looking at purchasing a property outside my local market. I do not cu...
Jeremy Keone
Tax Deductible Limits
Aloha. 🤙🏾 Looking for advice and insight. Any help is much appreciated. Recently I have been exceeding the limit on tax deductions for my rental property business, when filing for my annual tax returns. Every year I d...
Patrick Flanagan
Rental real estate tax benefits
I’m a little cloudy on the specific tax Benifits you get from owning rental real estate. So please correct me if I’m wrong....I bought a 4 plex this year with a VA loan, it’s considered my primary residence. I don’t m...
Brad Z.
Deducting Rehab Costs
When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.
Here...
Jason Chu
How do landlords deduct expenses that span multiple properties?
I am wondering if there has been any real solid resolution on this topic. My CPA has instructed me that the auto expenses (at least the proportion used for rental activities), overhead such as office supplies, sof...
Marcel Lorincz
Taking out HELOC on Prim. Residence to buy Inv. Property
Hello,I know there were similar questions already asked, but I would like to ask this specifically:1/ Can use HELOC from my primary residence to buy an investment property and be able to deduct HELOC interest as busin...
Aimee Tarte
Accounting Questions that accountants don't know (ugh)
Hi everyone!
So I have asked multiple accountants and even tried to do research on my own but was unable to get any answers. These may be obvious questions, but I hope you all can help.
1. How am I supposed to show ...
Curtis Towers
Looking for Airbnb and house hacking CPA
Hello, I live in a single family home that’s split off. I live in one side and have the other on Airbnb. I’m looking for a CPA to help with taxes. I live in Fort Worth, TX.