Background: A woman owned a property with her primary residence, a guest house, and a warehouse. She used the warehouse to start a food distribution center in 1998. She passed away last year and the kids are only inte...
Hello fellow investors, I am to bigger pockets member and have decided to get serious about investing into real estate. I have a question about tax deductions. I have had a rental property for 10 years , last year I ...
Looking for advice on how more experienced landlords handle this situation. I just had tenants move out and left the unit filthy. No real damage, just very dirty. We spent four hours last night cleaning. To start thin...
Hi there! I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate. My main question is regarding depreciation. My husband and I are high wage earners, so from what I...
Hey guys,
I feel like Ive always struggled with depreciation concept...
So, Ive been googling it, and here is what I found:
Let’s say you buy a single-family home for $200,000. The tax assessor’s estimate of the la...
Hi, First time dealing with a NNN lease. Since all maintenance, taxes, insurance, improvements is done by the tenant, what other types of deductions are available? Thanks!
Hi everyone and TIA for reading this, my name is Breyan (Bre-on) and I am new to BP but so far am loving the forums and podcasts. First a little background on my wife and I. We are both 28 years old, both currently wo...
Exploring pros and cons and also evaluating what option provides more advantages to w2 earner in terms of better tax deductions - A. Syndications: will get K1 form, what does it include ? prop tax,mortgage interest an...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
I have multiple rental properties, report all income/expenses oh individual properties Sch E.
when I tried to deduct default calculated home expense TurboTax took me though the maze of questions on bushiness and sinc...