I am under contract to buy a ~4700 sq ft office space in a great location near Houston. The building' exterior is mostly glass (single storey). The inspection report noted the 15 ton HVAC unit to be in very poor condi...

So I found a way to avoid the double transfer tax by utilizing 1. an option contract 2. a notice of option contract and 3. an option termination agreement instead of a purchase agreement with the seller. You act as ...

I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?

Hi guys,

We bought a home last year (essentially a long term flip), and we decided to make it our primary residence for a bit. The reason was two-fold; it met our current needs as well as would keep us from paying ca...

I was wondering if anyone has actually used Titan Echo cost segregation software. I have recieved quotes to do a cost-seg  from a specialist on a pair of FURNISHED 16 unit apartments.  However, the way the deal worked...

I talked to my CPA today and found out she wont file the correct amount of depreciation on my tax returns unless I show her all the receipts to corroborate. I own 6 properties and all of them have capital improvements...

I own a rental property. Over time, I have purchased various items for the rental property and taken tax deductions when I did so. For example, I purchased a lawn mower for the rental that tenants cut with. I have pur...

I am currently working in development of raw land. In short, we by a large piece of land, make improvements, split it into smaller tracks and sell them. At one time I was told that even if I hold this property for o...

After listening to the most recent BP podcast I want to pursue a Cost Segregation study for a few properties. We bought 2 SFR's last year that I think we can apply to last years taxes. We also purchased a SFR rental i...

Hello everyone!I have been living in an older home (100+ years) for about 2 years. The house is on radiator heat. We bought a new steam boiler during the winter of 2021. I've been told that boilers are an efficient he...