Good morning, Board.

I have a question about the tax deduction from spending on investment property. Last year I was able to deduct cost of tools and supplies used for renovation of my investment properties. ...

So the new tax plan was finally unveiled and I noticed it curtails deductions for business interest, but there are "special rules" for real estate and small business.   Can anyone confirm....are we still going to be a...

Hello,I was hoping some of you experienced tax professionals could help me with a question. When looking at the way we manage our properties, I think we would easy qualify as active participants as we are 100% owners ...

I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...

I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?

An investor has a full-time job makin...

PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...

I had some storm damage from hurricane Irma at a property, really just a bunch of shingles broken. I've heard it's rarely a good idea to file a claim against insurance because it can raise rates or cause insurance com...

I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will det...

Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years. I have a full time w2 job in Commercial Real Estate but have my real estate licen...

This fairly simple change in the tax law created some confusion that I want to clear.
The basic rules for deducting business meals have not changed. The only change is that you get to deduct 100% of it, as opposed to...