Can someone explain depreciation on a rental property. I’m new to the real estate so please explain it to me like you would a 6th grader.

Hi,Complete newbie here.   I am considering selling my  primary residence.  I will have a very large loss if I sell (on the order of 30% below purchase price), once you consider the purchase price from 2006 (ouch!), m...

In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...

What other kind of income can I deduct with Rental Real Estate losses?If lets say I have $50,000 paper losses from my real estate can I use it to deduct short term capital gain? What about other types of "passive inco...

Hello Everyone, my name is Roopy and I want to provide a quick summary of the situation that I am in. I am a 25-year-old Indian citizen who came to the US in 2017 and completed my bachelor's and doctorate 7 years late...

I know on a regular purchase, the new owner assumes the responsibility for the security deposit but I heard on an REO that the purchaser has no obligation to pay the tenant back.  This seems unfair to the tenant so I ...

I had a tenant who did not pay last month's rent. After she moved out, she sent me a text that I should cover it with Security Deposit. She left without cleaning and some damages and without a forwarding address. W...

Hey guys,

Sorry for my ignorance, but after reading a bit, I still don't understand what a real estate attorney does compared to a "real estate investing-focused" CPA.

Can someone shed some light on the...

I am a 1099 “self employed” musician out of Nashville. I’m wanting to house hack ASAP but I show so little on my tax return that I would not get approved. I’m looking into starting up an LLC taxed as a S Corp to relie...

I am looking for (or looking to create) a spreadsheet to make financial projections on use of SDIRA funds -- does anyone know where I might start...here is my general thoughts / situation but I'd like to find/create a...