A key component of my real estate strategy involved cost seg studies, claiming REPs and accelerated depreciation to shelter a large amount of active income. However, I've been speaking with a couple companies and gett...

Came across the concept of real estate professional recently and was curious if anyone had elected to pursue this status.  I understand the time requirements and being part time the 50% shouldn't be an issue.  Just cu...

Hi BP!First post here.  I'm a long time lurker.  This community is really cool.  My background... I grew up in Gainesville, FL.  I worked my way through college and realized with my income I could buy a house.  I boug...

I am interested in forming an LLC w/ S-corp status for tax implications. The idea would be to build a team and protect my brand. I have heard some people say that forming an LLC is mainly for legal protection and othe...

It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...

I was wondering if there's a better way to keep your receipts together? Is better to keep them together by month, by vendor, or something else? I want to work smarter, not harder!

Most people know about the STR RE professional loophole.  If you are developing ground up construction and have another w2...would that qualify yours a RE professional?

Say you spent a thousand or two on small repairs like; tree services, fix some cracks in the wall, fix water pump. And paid cash for the labor. Can you include this in your tax expenses for your rental unit ?

Quick question, I am researching appropriate companies to help with structure and protection. Has anyone been sued or audited while using Anderson Advisors? And if so how did the case turn out? Did Anderson do a good ...

As most of you know, as part of the IRA, the IRS was allocated significant funds to hire new employees. With that comes an increased audit risk. One of the things that IRS auditors look for when auditing a cost segreg...