First, Thank you for your time in reading this and responding For anyone that got some experience in using the short-term rental loophole I got my first House Hack.  I'm using the walk-out basement (900sqft) for mysel...

Hey Guys,

I'm pretty well versed with doing my own taxes, using turbotax or whatever.. I have the 2008 home and business edition here.

This year I bought my first house, a duplex. I live in the lower, and the uppe...

Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...

I have been studying the Real Estate IRA concept for some time, have a pretty good understanding of how it works and its rules, and am getting ready to buy our first investment property with it, a single-family hou...

Hi everyone

I decided to rent a house to a section 8 tenant. Long story short, section 8 misquoted the total rent rate they would pay and the tenant portion. They told me to allow the tenant to move in, I did (bad m...

Hello,

I think I am making headway understanding things in this realm of SDIRAs, but still have a bit of confusing.

I read in different places that a person 'Can partner with your own SDIRA' to do real ...

Have an opportunity to buy a mixed use building in the village square from private owners. We bought our business building from them last year and they are good family friends. Building has three large commercial st...

Hello BP!I'm a little behind the curve on this, but my Enrolled Agent suggested that I rent my personal home office to my LLC. This way, similar to when I used to rent out extra bedrooms, I can write off a portion of ...

I’m looking to purchase a multifamily property, single-family home, or condo/townhouse near SMU, where my daughter attends school. My goal is to find a property that suits her needs while also serving as a strong long...

I am preparing to buy a single family home to live in one room and rent out the other bedrooms. A question my father brought up to me pertains to depreciation and how recognizing rental income of a primary residency e...