I'm surprised that this was not being discussed in BiggerPockets. There is a bill proposed to get rid of property tax deduction (probably also mortgage interest deductions as well). https://www.seattletimes.com/nation...

It is my  understanding that the new tax bill requires that in order to deduct 2017 property tax, it must be paid no later than December 31, 2017.  If paid next month in January which I always pay, I will not be allow...

I just talked to my accountant,  and she is filing my taxes for 2017. I did purchased a my first rental property  in 2017 and we did repairs in it. It is a house hack property where I live in one unit and rent the oth...

Are the associated costs for obtaining a CPM designation through IREM tax deductible?

I started STR last year (my first investment property) while working W-2 job. Is it true that I cannot claim loss from the rental property if my income is above 150k (married filing jointly)?

I am currently renovating a unit, will take about 20K, as we all know, 1099's are hard to find for a budget friendly renovation. Is it more beneficial to pay 30% more (just throwing a # out there) and have a tax deduc...

To take expense deductions for 2020 on a new property being used as a b/b such as appliances, furniture etc, does the receipt need to be dated in 2020 or can it be dated up until filing deadline of 4/15/2021?

I just finished two tax books, “Tax Free Wealth” and “Tax Strategies for the Savvy Real Estate Investor”, and both books talk about how to deduct vacation expenses with some planning. However, my tax advisor told me ...

We just recently purchased a rental property in Utah from out of state.  Prior to renting out the home we will have to fly out there to prep the home for rent.  Just wondering if we can count expenses incurred for fly...

Does anybody know if I can deduct expenses when 'driving for dollars'? Also, If I purchase a new vehicle for that, can I deduct this expenses?