Hello, 
In general, your depreciable cost basis for newly constructed real property is the amount you paid to build and acquire the property. However, what happens if the FMV of the property is less than your total c...

This question is not really for me because it won't make much difference for me but I want to throw it out there to see if the tax experts can weigh in. Perhaps it would be helpful for others.Can you deduct the state ...

I don't know why I haven't posted something like this on here before. I've posted stuff like this on facebook, but never on here, and I think this crowd will appreciate it and it may be useful to you. I'm a self procl...

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.
This provision allows taxpayers to expense certain qualifying assets upfront instead of dep...

I have some very specific questions about possibly renting out rooms in my house. My partner and I bought a house 5 months ago and would like to earn some extra income to eventually rennovate the entire house. Scenari...

Could someone help me with the definition of the 10 loan limit?  I have a 30-year loan and a HELOC on my primary residence.  For my rentals, I have a HELOC on one property that is otherwise paid off, and then three 30...

What are the advantages to setting up an LLC as opposed to just investing personally. I have a few properties and I'm thinking about setting up a business entity and putting my properties under that entity. Is th...

Why should I use OPM for real estate investments rather than my own money?

for investors in Massachusetts with two or three properties how do you structure things? do you have an S corp for the taxes or something else? I know LLCs are expensive so wondering what others are doing.

Say a limited partnership is formed to purchase a rental property. I understand it's typical for the general partners to contribute less money compared to their interest in the partnership since the general partne...