On the most recent tax episode with Amanda and Brandon, they talked about 100% bonus depreciation which you can use with an Air BNB business. My question: my husband and I will be building a garage with an apartment o...

I have been reading mixed opinions on this question in multiple forums and wanted to see if anyone had any references or could provide for further clarity.  According to IRS regulations, "Under the final tangibles reg...

Need help and advice! I have had a single family home rental in Memphis since 2011 and never had a tax issue. I am an out of state investor. My LLC was recently revoked and put into inactive status because TN Dept of ...

Greetings all,I wonder if anyone else has had time to absorb the impacts of the proposed tax changes in the bill introduced in Congress?  What are the tax impacts on investors?  Do you think it benefits us or does it ...

I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...

I am fairly new to the state of Florida and in 2015 purchased my first investment property, a duplex.  The state of Florida doesn't have state income taxes and usually it is not necessary to file a return.  However, I...

We bought a place, did some renovation, then furnished and placed on service 2021. If cost segregation is performed, I assume will use purchase price - land + renovation to determine cost basis. But what about furnitu...

more info on section 8 needed in Richmond Virginia ?!

Hi, looking for 30+ units in the Chicagoland area and suburbs? Prefer properties that mostly need rehab but open if price is right. 

The basis for cost segregation and the MACRS approach (The system utilized by the IRS for the purpose of depreciating eligible assets) is to identify real property from personal property. Tangible personal property, s...