So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...

This is a two part question1) If I hire a painter to paint an entire inside of my rental house for lets say for $3,000 would this be considered a repair expense (improvement) that needs to be depreciated or would it b...

I have a quick question about capitalizing the rehab costs for a new rental.
-- The property is probably not currently habitable and is likely not ready to put into service (bathroom not functional, among other issue...

I'm sure this has been covered but I'm having difficulty finding a few specific answers as I try to map out a strategy.  My wife and are are W-2 employees.
The goal is to eventually have a vacation home that my famil...

I'm in a bit of a unique situation that I'm sure others have been in, but is new to me:I am under contract to close on a new rental property in early January 2016. The terms of my purchase contract stipulate that I am...

If you do the BRRRR method, most of the rehabbing is considered capital improvements that would have to be depreciated instead of deducted.  Is there any way around this?

Hello all. This has been a very busy year and I let one of my rental houses sit without tenants for all of 2014 till now. We have been working on it to get it rent ready, but it is not quite done. It was rented for...

Hi BPers,My brother @Joshua Smith has a property which he purchased in May 2017, but has been design and in permitting (a complete nightmare) for the remainder of the year. Therefore, it hasn't made any revenue, as in...

If the cash on cash return is the same for 2 properties on the market, but one needs rehab and the other does not, which is better for tax purposes (deductions, depreciation)?  Sorry if this is a very basic tax questi...

I gave my contractor a deposit in December and final payment in January for a large structural repair job on a property that is partially personal (I live in one room) and partially business (my LLC) as a vacation ren...