I have a question for anyone who experience in this. I am small real estate investor, done couple flips and have couple rentals. I have bought a new property for myself and family to live, the property comes with a la...

Well, will all of you be saving receipts and claiming this trip? If so, what is dedutoble. This is my first business trip (newbie) I know!

So excited!

Hello All! November 2020 was my introduction to the world of real estate investing.  I purchased some startup equipment and educational materials (dedicated laptop, BiggerPockets subscription, a few webinars) and a ha...

I have an unfinished walk-in Attic and was wondering if i can use this part of the my house my home office also wanted to know if i finish the attic up by that i mean putting up dry wall and flooring etc.. are those m...

I bought my primary residence in June 2017. On July 1 2020, I will rent it out for the first time. In our county , I pay 2019 property taxes in 2020. The next half year taxes that I have to pay will be in July 2020 at...

I regularly overbuy supplies from home depot when I am renovating/repairing a unit. When filing my taxes, would it be okay to use my original receipt instead of the return one? I know it’s wrong, but is it common prac...

My W2 income over the next 3 years is going to be significantly higher than normal.  Is there any way to avoid paying a high personal income tax rate on this income?  I understand that if I am a "Real Estate Professio...

I'm surprised that this was not being discussed in BiggerPockets. There is a bill proposed to get rid of property tax deduction (probably also mortgage interest deductions as well). https://www.seattletimes.com/nation...

It is my  understanding that the new tax bill requires that in order to deduct 2017 property tax, it must be paid no later than December 31, 2017.  If paid next month in January which I always pay, I will not be allow...

I just talked to my accountant,  and she is filing my taxes for 2017. I did purchased a my first rental property  in 2017 and we did repairs in it. It is a house hack property where I live in one unit and rent the oth...