Do record expenses and organize receipts as they come in, at the end of the week or month? Currently, I am doing them in excel as they come in but this proves to eat up a lot of time, sporadically throughout the day. 

Hoping to gather some opinions. For SFH's that are LTR's (home values approx. $280k with land value backed out) what are the advantages and disadvantages to conducting a cost segregation study when bonus depreciation ...

It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...

BiggerPockets would like to know how you approach taxes. I've created a (less than) 5-minute survey and it's completely anonymous. You can take the survey here: https://www.surveymonkey.com/r/MJY6RD8 Thank you to ever...

Hi BP members, am hoping the brilliant minds here can help me out once again. I did a search in the forum on bookkeeping and only three questions came up on bookkeeping none of which got a reply so here goes the fourt...

This seems to be a pretty popular topic on BP these days so I thought I'd add to the wholesaling/marketing discussions. A little background and then we'll move on to the details.

Background
I started my journey in No...

Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like. I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appl...

I've had the same person do my taxes for the last few years, but he seems to have disappeared this year. I guess I shouldn't have waited this long to reach out to him, but in prior years I'd set an appointment with hi...

Last year I bought my first two rental properties in Michigan. I've been keeping paper receipts in folders all year (gutted and rehabbed them), didn't really have the time earlier to do anything else with them. Now I ...