So I'm looking for a duplex to live in at least for 2-3 years.  I've qualified for a 3.5% FHA loan, and have questions about what I can deduct.  I own 2 SFHs so I understand the standard deductions.  Can I use these s...

Hello BP!
My question is around property insurance and specifically what are everyones MUST HAVE COVERAGES. 
I currently have a 4/2 SFH/LTR/Section 8 house under contract and I am getting quotes for property insuran...

If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest?  My accountant says no, but I've read in books that you can still claim auto loan interest in add...

Hi  All,I haven't come across an answer to this specific instance. In 2015 I purchased a run down multi-family property. I have been renovating it, putting in ~30k in 2015. Now in 2016 we will soon be renting out the ...

Do we lose tax benefits when buying investment property in cash, and then doing refinance?Does the 90-day rule for refinance after cash-acquistion, apply for investment properties?Otherwise, does the cash investment b...

Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses). I am converting this back to a duplex...

hi all
I have an investment property under contract. It all has been going smoothly, but to make a long story short. Its starting to go south. I spent about 1.5k between dd, etc.
My question is If i terminate i beli...

I learned of this deduction at a real estate training. It may be common knowledge to you all, but I mentioned it to my accountant and she had never heard of it. Let me know what you think!Rather than using the "home-o...

Here's my question......I just got a roommate. He pays $425 plus half the utilities. He rents 2 bedrooms from me and a garage space in my single family home (4 bed/ 2bath). My question is on the best tax strategy for ...

There's a lot of buzz out there on this. I know most comments won't be front CPAs or tax professionals. I might be a little late on this, but should I pay my 2018 property taxes now before the year runs out?