I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...

I know that this can be done but not sure how how to do it. I want to write off property taxes and mortgage interest paid for property purchased in 11/16. Its still undergoing a rehab so its not "rent ready" yet. I kn...

This may be obvious, but I couldn't confirm in my NOLO deduction guide so asking here: I know I can write off the advertising costs associated with advertising my rental property once I own them, but can I deduct the ...

Hey, I was toying with the idea of using a HELOC to fund a non-real estate investment, specifically buying some debt. It seems to me that even in the perfect situation, where I get paid like 12% interest rate with no ...

Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...

Just bought my first two-family in the greater Boston area, will be living in 1 of two units with tenants present from purchase to the remainder of this tax year. Looking for some advice on how to best leverage tax in...

I saw the new tax bill passed in December, and there is a change that pass-through entities (LLCs for example) will get a 20% tax deduction. Did I read into this correctly? Are any CPAs out there who could shed some l...

I just purchased my first investment as a house hack, with the intent of living there for a year or two, and I am seeking clarification on a few things relating to the accounting side of this. The property is a 3-unit...

Hi BP community. Last year, I bought two properties and they had losses. My CPA used the loss against my W2 income Is this a normal practice? Based on a BP episode I listened to recently, this is only OK when I (or my...

I currently live in a single-family primary residence. Next year, I plan to purchase a second home and move into it. I intend to rent out my current home as a short-term rental. Before listing it on an STR platform, I...