We purchased a 24 unit apartment complex. No renters. We are renovating it. We purchased in 11/18 and had a lot of expenses in 2018 AC, electric, etc. My tax person is saying we can not deduct any of those expenses on...

I want to go 3rds on a property with my father. His interest is the tax incentive to rental property (tax shelter). My incentive is personal residence, & building capital to develop. I'm trying to figure out ho...

When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...

Scenario:Sell a rental I've held for many years in an LLC.  Net $250K1031 the $250K into my former primary residence which has been a rental for the past year, but lived in 2 of the past 5 as my primary res.  I hold t...

I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...

Wondering if there were any mentors who could examine my numbers on a rental house that I own.I own it outright. Zero liens.Rent: $1553 per month autodeposited Taxes: $8200 per yearManagement: 10%Expenses: $3600 (wate...

I have deferred passive losses on multiple rental properties that have accumulated over the last several years (let’s say around $50K). I recently sold one of these rental properties with a net capital gain of $120,00...

Hi forum!!
Just to make sure I understand the process...
If the property has been a primary residence for 5 years (purchased for 100, now worth 210), and then becomes a rental FRBO for another 5 years with say no chan...

I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...

We converted our primary residence into a rental when we were stationed overseas five years ago. During those five years, we claimed depreciation (based on a 27.5 year depreciation schedule), mortgage interest, and o...