What would you do to help reducing your taxes with your rental property income ? we have more income from our rental homes this year which is a good thing but other hand we will pay more taxes next year. Any thought. ?

HelloLooking at personal house and rentals and depreciation...I havent sold yet....I have a few rentals that I have been holding....when it comes to sell...how are you guys lowering taxes to the max?On depreciation......

Okay guys.. so in short, we sold our family businesses and now I have a great opportunity to get into house flipping full time. We currently own 2 properties in our personal names and one is almost done. So we want to...

I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...

What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...

Hi, I'm looking at the Capital Gains Tax rate chart and can't find a clear answer on what is counted as "taxable income" which determines where you fall in the 0%-15%-20% brackets. Assuming I only have a job and a ren...

Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...

I was talking to a friend of mine and he mentioned that he is refinancing his deals just before he sells them to elevate his cost basis. For example  actual money spent/cost basis                     $100,000  apprais...

I’m an out of state investor (NJ) interested in the Midland and Saginaw markets. I’d love to get some recommendations on local realtors and PM’s that service the areas. I’m looking to buy n hold and probably start w...

This might be  a silly / stupid question but I'm going to ask it anyway, because frankly, I just don't know the answer.In the area that I'm looking for a rental property, using Zillow as the source, the property tax i...