I heard from my dad that back 15 years ago when he was an active investor managing a rental business, he was allowed to take unlimited tax deductions...is this true?

Now, I know that you can ...

This question pertains to an investor who has limited income on w2. If after your write offs on your taxes you are at a loss on your rental property income ( the property has a mortgage) and the time comes where you a...

Good morning everyone,I have a question regarding section 179 and if I would be able to deduct certain expenses against my income. My question is whether or not I can expense the full amount of my purchases against my...

Hello, my wife and I would like to purchase a home as our primary residence (currently renting) that will eventually become a rental. At the same time we are seeing several opportunities for rental properties that we ...

I have been analyzing houses for almost a year now.  I understand the basics and really just need to dive in.  One thing that has been a little confusing to me are the tax deductions.  Off the top of my head, you can ...

Hello,I was hoping some of you experienced tax professionals could help me with a question. When looking at the way we manage our properties, I think we would easy qualify as active participants as we are 100% owners ...

Hello,
Can I include rental loss in my tax filing for last 3 months of 2023?
thanks

Hey everyone,

I'm just curious as to what amount of liability insurance coverage most people have on their SFR's?

My insurance agent wrote up a policy for $500,000 of liability coverage plus $1,000 medi...

I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...

Did you know that Limited partners or real estate investors can absolutely benefit from depreciation?
RE Pro Status supercharges this.
If you or your spouse are an RE Pro, your LP investments can lead to depreciatio...