Hi everyone, question around tax deductions for investment properties. We purchased our first investment property last year and just met with our accountant to file our taxes. He informed us we cannot deduct any of ...

I know that the topic of LLCs for rental properties has been discussed ad nauseam on this forum, and I appreciate the depth of knowledge that is available through the website. I have some very specific questions that ...

Good day,Wanted to reach out and get some feedback on a particular topic of cash flow.  Since the tax season is coming to a close I had a question on how to shield or protect your annual cash flow from being considere...

Have LLC for buying and renting homes want to set up separate business to manage, do repairs  for LLC and want to do the work myself in that business. Can Joe Doe LLC (owned by Joe Doe) hire Joe Doe property managemen...

Hello all BPs 
If you have real estate portfolio in different states, do you use a "real estate tax accountant" or an a specialized real estate attorney to assist with end-of-year tax filing?  I am looking for an acc...

Hi Guys,
If we received  36 k as a rent  on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...

Howdy BP! 
I have a business accounting question. I own a 4-plex in an LLC that has shared water and gas. I am using QBO and want to account for utilities that I initially pay for (since they are shared throughout th...

For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...

Any suggestions or advice on building a dividend monthly producing portfolio (thru say Webull) without drip.  What funds would you target to get a good monthly latter going? Any funds you would definitely suggest look...

Brief intro: bought a house last year, have been renting out 2 spare bedrooms.  I'm thinking about setting up a separate business account to deal specifically with all house related expenses (mortgage, taxes, utilitie...