Hello BP! As a quick background, I am from Canada and currently in the process of developing and renovating our recently purchased primary residence, which we will then refinance and should have a decent chunk of mone...

Can anyone explain accelerated depreciation and when to use it?  Any other awesome tax benefits to discuss?

Greetings BP Arkansas,I am looking for some advice ion 1031 exchanges in Little Rock. A family member of mine may be looking to sell a rental property. Does the same 45 day exchange rule typically apply? What options ...

I just sold a property and have the funds with an intermediary.  The title of the property was under my personal name.  If I purchase the exchanged property under a LLC, which I'm the sole owner of, will that cause an...

Hey all, I did a cost seg study on my short term rental for the 2022 tax year. I'm a financial planner by profession & really wanted to understand the nuances behind this topic more. I love comparing the hype vs r...

Hello I am just starting out in investing. I have been saving money and improving my credit score. The only thing is I am a 1099 with my line of work and I write everything off to lower my tax payments, so my income  ...

Current Situation - Trying to tax plan for 2020 tax year- househacking with SO and 3 other roommates, and planning to claim active participation and claim a deductible passive loss- Deductible expenses are based off f...