Happy Friday,

Hope others are enjoying a nice night doing taxes as well. I purchased a 6 unit property (quadplex + 2 single family houses) this summer. It is zoned mixed use - residential & commercial. I p...

Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...

We're a married couple that both work W-2 jobs (approx. $200k together in 2023). We launched our first STR last fall (2023). It was a new build, and we spent quite a bit of time and money to get it up and running for ...

Hello, i own a rental with another person. I collect the rent and send half to her. I sent her a 1099 for all the amount I send to her. But Im not sure where to enter this expense in my tax return. I only see specific...

I am trying to decide whether to do a 1031 Exchange or to sell an investment property outright.  I have suspended loss carryover associated with the property.  I often see general guidance such as follows:  "If you ha...

Does anyone know if Schedule E income can be used (instead of Schedule C) for determining payroll income (owner) for PPP?

Happy Friday!  Cheers!So my wife and I are both teachers in NY.   We grossed $251,000 last year on our w2s and we file jointly.   We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...

I have been receiving Pandemic Unemployment assistance (PUA) due to reduced rental income and high number of vacancies. Rental income is my only source of income hence my tax returns generate only the Schedule E (pass...

Hey All,I have reached to my accountant about this but thought I would ask  here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...

Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...