We owned a SF rental home for 9 years, which we sold and will be exchanging (1031) for another property.  What documents do I need to keep?  Leases for how many years? Tenant Screening docs/applications- For how long?...

A question to all the tax pros; how are you guiding your clients when their R.E. activity has the potential to generate phantom income?  I'm seeing lots of Gurus promoting and teaching about buying Sub-2 and then sell...

I was listening to a CPA speak at our local RE club the other day. She said the IRS can and is starting to demand a copy of your quickbooks file when audited.

Does anybody have any concerns about this?

Seems to me ...

:superman:
What benefit would someone gain by donating their house as opposed to selling it?

Does anyone 1099 there contractors??

So I guess I misinterpreted a 1031 exchange.  I purchased a property Jan 2019, a few months ago.  I fixed it up and it sold this month, and is set to close May 2nd.  I contacted an exchange company and they told me th...

Hello BP,
I have been a very active private money lender since 2014.  I have a single member LLC (me as the sole member) that lends only to real estate investors.  That is I do not lend to owner occupants.  I only le...

Tea Partiers should pay close attention. It wont be long before you will be able to tell who is paid for, and who is there to serve the people.

Perhaps the Republican Party will be divided much like the old Democrat...

I have house hacked a few times now where we buy a foreclosure, renovate, then sell a house at the two year mark so taxes have not been an issue. We now want to flip a house on the side, outside of our primary residen...

I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...