Hi All,Wasn't sure exactly which forum to put this in, but is anyone else unable to get a copy of their 2020 tax transcript (not the return itself, the document is called the "transcript")? I created an account on irs...

Hello! I have a clarifying question on the STR tax deduction. Assuming you meet the terms of the tax benefit qualification (e.g., 100 hours and more than anyone else) and want to use excess losses from the short-term ...

Hi Everyone! My business partner and I are looking to start doing long-distance investing through BRRRR. I live in CA (yay $800 LLC tax!) and he lives in Houston, TX, but don’t necessarily plan to invest in either of ...

Hi all- My tenant has just moved out and I would love to sell one of my rental condos.  I bought in 2007 as my primary residence for $190kI converted to a rental in 2013 with an adjusted basis of $70kI can now sell fo...

Do I need a CPA AND a tax attorney??

Question on qualifying for the STR tax deduction. Assuming you meet the terms of the tax benefit qualification (e.g., 100 hours and not more than anyone else) and want to use excess rental losses from the short-term r...

Hello all,

I have a pretty basic question but couldn't find a concise answer posted.

What's the difference between net operating income and cash flow (as used in an REI context)?

My understanding ...

This is a little off topic in regards to real estate but I've had such positive experiences on bigger pockets I'm hoping someone can share some insight with me. I currently work as a physical therapist part time for a...

Can anyone recommend a local CPA that has experience with short term rentals/Airbnb? Thanks!

Sooo much marketing materials and very little discussion or direction.  I'm interested in starting one asap, but cant seem to find a local (Wichita Ks) accountant who has experience in it.  Haven't begun looking for a...