Hi all,

I’ll be closing on my first property within the first weeI of November, an owner occupied triplex.

Assuming it takes me a month or two to get ready and tenanted, I may get a months worth of rental income.
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Just got my tax return back from the CPA. It's my first time using one, and since I'm no tax expert, I was shocked to see that I owe taxes and that my wife and I only got the standard deduction because the "Allowable ...

I usually do my moms taxes through turbo tax each year which is a simple w-2. Last year my mom bought a condo in North Jersey. She brought up something about her getting some kind of credits for first year. Does anyon...

I would like to make use of the special allowance.  However, I would be filing as head of household.  Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...

With the increased Standard Deduction for 2018 I'm not sure if I should work towards retiring my home's mortgage, or one of my rental properties. The difference between interest rates is at most 1%. With the tax chang...

How many BPers were able to make money moves in 2018, and stay itemized with the new tax laws and higher standard deductions going into effect?What were your big moves of 2018 which made sure it would happen?

Last year I needed to move in with my mother to take care of her. I rented out my condo. I do not have a business set up. My question is how do I prepare to pay taxes on the income I have earned? Do I need to set up a...

I've always done own taxes and just claimed the standard deduction, but now that I have rental property I'm dumping a lot of money into, I'd like to outsource that to a professional. Can anyone recommend someone who h...

Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...

Hello BP, I would like to begin RE investing next year. I own a home 100% clear and my only debt is a monthly car payment. I have a 10k emergency fund and about 5k just sitting in my account. What are your thoughts on...