Hi I understand I can calculate depreciation (standard vs itemized) and deduct from my rental property.Can I deduct depriciation of my primary residence too ?How about if I have a duplex and only one unit was rented o...

I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...

Hello!
I just closed on my first rental property (house hacking), and after taking a second to bask in the glory, I'm thinking ahead to the next one.
So I ask: if I claim a bunch of deductions (floor refinishing, ba...

Hey Folks,
I'm sure this topic has been covered hundreds of times, but please bear with me.  Here is my situation: I've finished a BRRRR investment property which is now worth about $230k.  I'm trying to figure out w...

First, there are 2 types of Valuations in insurance; RCV (replacement cost value) and ACV (actual cash value). RCV is almost guaranteed to replace your home back at the standard it was before it had a major loss. ACV ...

I have a rental property in northern California. Current tenant's lease is expiring on June 30th, 2021 and they are not renewing. 1. What would be your recommendation to list the property. I still have another 5~6 wee...

I did a lot of searching, some things still dont make much sense since I am seeing a ton of misleading info.

I'd rather not post my contracts on here but write some things that are confusing me..

Some say you dont n...

Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular pay...

I just purchased a SFR in downtown Phoenix which my son will be living in and renting out two of the rooms to students. We are furnishing the house and I am not sure how to deal with the taxes and depreciation of the...

So I have a Pine  tree that fell and broke my fence, but the main problem is that it has not completely fallen and the fence is holding the tree up at the moment and it is leaning over my neighbors house.So my problem...