Good Morning,I thought I saw a thread here several months ago relating to what can and can't be deducted on rental properties vs. flips.  Unfortunately, I cant seem to find it now.I have a home that I initially intend...

Hi Experts,Thinking of selling a rental investment that will probably be at a loss, it also had passive losses. Can I offset any of the below with these losses:1) Short/long-term capital-gains from stock sale2) W2 inc...

Hello Happy Thursday!Does anyone understand what these new tax laws mean when it comes to real estate?Does this mean everyone who owns a corporate entity will pay less in taxes across the country?Final question, does ...

Hi all,I have consultations set up with CPA's in coming weeks and I am looking for some questions that I should be asking them?  I have some specific questions regarding my personal situation, but I would like some ot...

We are rehabbing an property that we will occupy when finished, what parts of the work etc can I deduct or use to minimize tax exposure on the property?

I have one handyman I use alot now as w...

What are the rules around reporting rental income in Baltimore, MD on a property that I occupy as my primary residence and collect rent from two tenants?

Hi,I just create a one member LLC and trying to add my properties to this new LLC. Since it's a single member LLC it's default to tax as "Disregarded Entity" like a Sole Proprietorship entity(pass-throught income?).  ...

I’m preparing my end of the year taxes and wanted some advice. Can I not deduct or depreciate maintenance or remodel/upgrade costs to the unit I am living in. I am nearing the end of year one as I purchased December 3...

Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...

Can I deduct my home office on my taxes  if I have a W2 and do not yet have an LLC or a business license for my LTR investments?