My 3 family purchase is almost ready to rent, just over 6 months renovating. I understand "Make-rent-ready costs are not deductible." My question is what expenses along the way are a deduction this year? Property taxe...

Here is the slim & Quick - -I am teacher, base salary 60K, (i referee multiple sports for extra cash)-Feb 22 of last year I bought a duplex - my first property - 165k, 2 2bdr apts. -My split is 700 a month roughly...

Here is my situation - I made significant losses on 1256 contracts this year and here is my sample scenario. 2022 year - Long term capital gains - 24,000- 1256 contracts losses - 140,0002021 year- long term gain - 110...

My friend has a house the he owns under a land contract with equitable title. Does anyone know if he should depreciate that house on his tax returns or can he wait to refinance and get the deed before he starts deprec...

I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...

Hello everybody,
Hope all is well. I bought a condo last year on my personal name, did the work it needed & sold it later. To those who have done this before & have experience. What is the best & busines...

Hey BP! This will be my first time filing the Schedule E form as my medium term rental in Tampa, FL became active the 1st of this year. I need to pull forward deductions from 2022 that went into preparing the property...

There’s a question on Turbo Tax that we’re stuck on. Do we take all depreciation this first year as an expense or depreciate over the useful life? Not sure if I’m even asking the question properly but it says in Turbo...

Hi, in 2018 I moved some of my properties under my personal name to a single member LLC in the middle of the year. Should I be reporting rental income & expenses separately during the two time periods, (before and...

I'm interested in creative financing techniques, to include seller financing.Once I reach an agreement on the specific numbers for the deal...how do we set that up? Does the amortization schedule get filed with the s...