Mike H.
Tenant owes rent but property is scheduled to close
If I am buying a tenant occupied property, I know that I'm due prorated rent and the security deposit. However, if a tenant owes rent and is scheduled to pay after the property closes, how would the prorated rent be h...
Brandon Sturgill
Structuring a Balloon Am Schedule with Graduated Repayment Plan?
I am working on putting together a balloon mortgage with a 6-month graduated repayment schedule to permit stabilization of the asset (a storage facility). How do the first six payments affect the the monthly payment a...
Matt Lenzi
New AirBnB’er.. question with schedule c and tax benefits
Hi All! Still trying to lock down a tax pro who is familiar with the STR strategies, but in the mean time- I’ve got some questions. I just started my AirBnB, it’s a full time investment property. According to most ...
Matt Merriott
Buying a foreclosure after sheriffs sale date is scheduled
Ive tried to search the forums but have not found an answer I was looking for. Found a house that has been foreclosed and is listed on the county record for auction 4/3. At this point is it possible to purchase prior ...
Peter Faulkner
First Deal Under Contract - Analyzing Schedule E During Diligence
Hello Bigger Pockets Community!I am excited to say that after a several years of studying, saving, and sitting on the sidelines (talking about real estate) I've actually done something and put my first deal under cont...
Mary Joe
Property tax for investment property, Schedule E or A ?
Hi AllSorry need some last minute tax advice. I have a rental property that is used 100% as an investment, rented out the whole year, no personal use at all. Do I deduct property tax on Schedule E (rental income/exp...
Allen L.
How much do you pay for each Schedule E?
The title says it. How much do you pay for each schedule E? I guess I never cared about this previously but in 2021 I purchased over a dozen properties, and the cost starts to add up as my accountant charges per sched...
Angelo Cortez
Claim paintings as furnishings for STR for Schedule C?
Hi BP Community,I collect paintings. Paid ~3.5k of paintings last year. If I put them in my STR, can I write them off on my Schedule C?
Sam Leon
TurboTax Schedule E - Days rented at fair rental value
Can someone explain how that number is used?
The way it was worded:
Days rented at fair rental value _____ Days of personal use _____
seems to suggest it was intended to distribute between person...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...