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...
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...
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...
I am starting my REI journey in Oklahoma City,OK and interested in learning more about tax benefits specifically for investment properties acquired under an LLC. I've put together a list of questions and appreciate a...
Hi all,I am starting my real estate investment journey and am trying to understand the impact of tax deductions. Based on my calculations my first rental property will not be profitable from a tax standpoint after all...
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...
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...
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 ...
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.
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...