New Texas Excess Proceeds law introduced - What is your take on this ?How do you think this will affect previous owners and investors that their primary investing strategy is helping previous owner collect the excess ...

Have any of you done a cost seg. study on an STR? We recently purchased a large cabin in the Smokies that I'm interested in having a cost seg study completed on. If we do a cost seg, are we able to count depreciation ...

HelloI have 3 rental properties and want to double check for depreciation best practices.Rental 1 Net income : -13,500 (Due to a lot of repair/renovation)Rental 2 Net income : 6,000Rental 3: 3,000So i thought, I don't...

In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...

If I do a subject-to for deed at closing, and insurance and taxes are included in the mortgage payment, does the owner cancel the insurance policy? And would this not affect the monthly payment?

I doubt the bank will...

Hello BP community. I recently got my taxes done and was told I couldn’t deduct the rental loss due to my income for the year. What are my options here to capitalize on the tax advantages for next year? I have an LLC ...

In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...

I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...

I'm building a spreadsheet, and I'm stuck on a part I'm not quite sure on:
Basically, I'm asking if dividend recapture amount is realized only if there's a gain on sale, and if it's dollar for dollar (e.g., $1,000 i...

Hello,
      I have purchased a condo to use as a short-term rental. I would like to stay at the rental every once and a while. I have read many articles about personal use, residency, and taxes. But still have some ...