This is our first commercial property which we bought 3 years ago in DFW,TX. It is a 2 stories (2600 sq ft) house built in 1920's and zoned to commercial. The house is NOT in the historic district and is NOT a histori...

I am an out of state investor from CA investing in MI. I am currently setting up bank accounts for my first two LLCs ... the parent company and the child company to hold the properties in.  The bank accounts need an a...

Hello Experts - I'm new here, just started renting my property. I have a couple of questions and would appreciate if someone can help:

We lived in our rental property until August 2023. Regarding Tax, Insuran...

I bought last summer a house as a first-time home buyer with a conventional loan. My wife and decided to continue renting for our selves and rent the house out because it made sense. We kept the house for about 4 mont...

Would appreciate it if any investors or CPAs can answer my questions. I own a duplex in Ohio and live in CA. I own it under my own name. There were some repairs I had my handyman do that had a cost plus the sales tax....

We set up an LLC in Q4 2023, so there was no business activity last year. How should I file federal and state (North Carolina) tax return? 

I converted my primary residence into a rental December of 2022 after buying a new home. After a mediocre year of renting we've decided to sell. Will we owe capital gains tax on the rental property after just one year...

Hi everyone, I'm a CA resident who just sold a GA rental property that I purchased back in 2017. I thought I did all the math (Federal capital gains, GA taxes) but panicked when I realized I'd likely have to pay CA ca...

I planning to have backyard installed in new construction SFH.
I read this cannot be added to the cost basis of the rental property and be depreciated by 27.5 years since it is not an improvement to the property.
Bu...

Hello,

I'm hoping I can get some advise and direction. I have a pension in a cash balance plan and I need to access some of those funds. I am not old enough to access them without it being considered an early...