anyone claiming real estate professional status on their taxes? I'm wondering what you've found to be the easiest and best way to track hours and prove you meet the requirements.Thanks in advance!

Hi everyone, I just bought a single family unit in Dallas 9 months.  It's considered a Class A property, and in an area where schools are all rated highly.  My tenants just moved in 6 months ago and claims that they h...

BP,          Now that tax season is over I was wondering if anyone tried to do something like this, this year. I have three property's where I handle the lawn maintenance. Currently I have a push mower at each propert...

hey guys,my client sold a property in South bend (IN) in June 2017.she never filed income tax before in the USA. her ex-husband owned the house until a year ago.during the sale process - buyer is withholding 15% of th...

My wife told me that she heard rental income up to the price of the mortgage was not required to be reported for tax reasons. I have never heard this and to me it sounds wrong but when I mentioned it she said that I w...

Hi all, Found a property significantly under market value. Not sure how to go about finding all the variables, such as leans, etc. Offer states. Buyer will receive quit claim deed with no title insurance. Seller will ...

Representing myself in Ohio, I recently won a Small Claims case against a property seller and was awarded a judgment of several thousand dollars. I got a Certificate of Judgment and filed it with the Common Pleas cour...

I sold a house in S Cal. in Nov 2003. The buyer hired an inspector and I fixed everything that was on the list prior to closing. We were both represented by the same agent. I sold her the home in great condition. ...

Somewhat confused here, how can a property appreciate,  yet one can claim depreciation for tax purposes. I heard Depreciation is a bigger factor for higher end property just how big is factor would it be for say a 350...

Hey all!

I've got a situation where I am partners with my sis & her soon to be ex-husband. We are 1/3 undivided interest partners on a condo we own free & clear and part of her divorce settlement is to buy ou...