Hello all.
I have a question that may not be able to be answered here, but I will try anyway.

I own a number of properties that have been purchased within the last 2 years. The problem (and may not be a probl...

Topical question: I have closed on a number of properties this past year, and I have refinanced one, so my question is very simple: Which closing costs are tax deductible?Thank you,

Hi all! My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet.  My question is can I use the expenses incurred on the project as deductions even though there h...

Over the years, it's been told to me over and over that taking the mileage deduction is better than the alternative of expensing a vehicle (forgive me if I got the term wrong.
Recently, some highly successful investo...

Does anyone have a rough list of deposit deductions that are typical to withhold? Not needing large item repairs but things like basic cleaning, burned out light bulbs, dirty air filters, replacing stove burner trays,...

Do I have to fill out Part II “Special Allowance for Rental Real Estate Activities with Active Participation” of form 8582 “Passive Activity Loss Limitations”?

I am married, and our combined AGI is $125,000.

We mak...

Bought my first SF rental in 2017. Was excited to begin doing my taxes and deduct all my expenses I spent in re-hab, travel, etc. Turbo tax is indicating that if you make over $150k then rental deductions are not allo...

Take advantage of depreciation: Depreciation is a tax deduction that allows you to recover the cost of your investment property over its useful life. By taking advantage of this deduction, you can reduce your taxable ...

I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?

An investor has a full-time job makin...

So the new tax plan was finally unveiled and I noticed it curtails deductions for business interest, but there are "special rules" for real estate and small business.   Can anyone confirm....are we still going to be a...