Jill Iwanski
Life insurance premium tax deductible
My question today is the life insurance premium we are contractually obligated to carry tax deductible. Long story short, as part of a land contract we have to carry life insurance equal to or greater then the amount ...
Julio Gonzalez
Environmentally Friendly Tax Credits for Your Property
As we work towards becoming more green, did you know there are actually two energy efficient solutions that you can utilize with your real estate property? And better yet, you get tax credits and tax deductions for ut...
Julio Gonzalez
Environmentally Friendly Tax Credits for Your Property
As we work towards becoming more green, did you know there are actually two energy efficient solutions that you can utilize with your real estate property? And better yet, you get tax credits and tax deductions for ut...
Lucy Smith
Marital Settlement Agreement vs. IRS deduction regulations
In a non-traditional arrangement, my Ex-husband and I hold a joint mortgage, post divorce, on the property that I have exclusive use of. The property will remain jointly owned although I live in it and he does not. ...
Bradford Myatt
Bank Deposit Travel Deduction for Two Businesses
I currently own or manage two different real estate LLC's. When I travel to the bank to deposit rents each month I deposit all the rents at the same time. Am I able to take the travel deduction for both businesses e...
Mel Selvidge
"Real Estate Professional" Loss Questions
My husband and I purchased a vacation rental property four hours from where we live in January. It was gutted when we got it. Working with a contractor who rented it during the renovation, we got it remodeled, furni...
Alton Johnson
Accelerated depreciation in a qualified opportunity zone fund
I've been deeply immersed in researching real estate investments since I recently had a business sale that resulted in substantial capital gains. As I explore my options, I'm particularly interested in funds like Tril...
Philip Lagaris
Foreign Earned Income Deduction
Hi there,This is a question about tax deductions and qualifying income.Last year I qualified for the foreign-earned income deduction (FEID), a deduction that allows me to deduct about $100k from my taxable income beca...
Josh Ferona
Cost basis tax question
Hello, I recently bought a home for about 30k and the home had about 16k in repairs to get it rent ready. I believe this will be added to the cost basis and the cost basis will be 46k but I just wanted to make sure. O...
Johann Jells
Would you withhold security and how much?
Tenant of 2 years moved out and left the place barely broom clean, but with food and dishes in the kitchen cabinets, lot of nail holes in the walls, the floors in dire need of mopping and marks on the walls. They were...