I'm wanting to get started in real estate investing and I want to know how much I should plan to set aside each month for taxes. Is there a best way to calculate how much the taxes will be on rental income? I am looki...

Hello Everyone, Does anyone have any recommendations on a knowledgeable tax professional for California to help me file taxes as an individual and as a rental property owner? I purchased my first rental property this ...

Acquired my first rental property last year and I am looking for a CPA in the Dallas / Fort Worth area specializing in real estate that can assist with tax preparations (file tax return),  help create a tax strategy t...

I am looking for a CPA or tax professional who is familiar with real estate tax laws including changes since the Tax Cuts & Jobs Act of 2017. My current tax preparer is not well versed in changes since 2017. I am ...

Hey all,I am house hacking a duplex right now with an unfinished basement.  The basement is being converted to a 1 bed 1 bath studio to be used as a short term rental with an average stay of less than 7 days. My plan ...

Let's say I have 500k down payment and borrow 500k, and the monthly mortgage payment is 5800, and out of that, 4800 is mortgage interest, and I pay 2500 annually for insurance and 10000 for property tax, could anyone ...

What happens if you don't 1099 them?If it's under $600 for the year, it's not required right?Can I still expense it or does that create some issue?Same question for the people you pay to mow the lawn.  I've asked them...

I'm wondering how to classify my mixed-use property on schedule E. It has 6 units, 5 residential and 1 commercial and naturally it would be advantageous if I could classify the property as residential and be able to d...

Long time lurker first time poster!I will be filing this season for the first time being a home owner and house hacker.I would like to work with a tax professional who has experience with this strategy.Tell me why I s...

Let's say I am the only member of an LLC and the business makes 20k through wholesaling in a given quarter. If my marketing expenses were 3k, I suppose I would be expected to pay personal taxes on the remaining 17k...