Lets say I rent a house out for $1200/month. My mortgage is $560. Expenses are (taxes $150, HOA $30, Ins $25) $205/month. Do I pay taxes on $1200 or just $435?

Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of new creative tax planning strategies, i...

Hey everyone! I’m trying to get a loan from that won’t  they won’t have to consider my business. My W2 income alone would qualify me for a $600,000 loan but when they apply the losses some of my businesses took I can’...

I've been trying to find a definitive answer on whether a landlord (in my case, owner of 4 separate rental units) can take the 20% pass through income tax deduction for tax year 2018 and beyond. I've been reading conf...

Are there any tax attorneys/CPA’s on BP with international experience?

I am setting up an LLC for rental property investing with 2 partners from the UK. I am under the impression that the LLC must withhold 35% as it...

I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...

Improving energy efficiency not only helps the environment but also puts money back in your pocket. Let's explore budget-friendly tips to make your rental more energy-efficient and sustainable for the long run.
1. Se...

We are purchasing a duplex and are looking for general coverage advice on:

liability

deductible

replacment cost?

right now for a $60,000 duplex we were quoted at 1100/year with 1k deductible

This is my first real post I think, so let me know if I did something wrong :-)We’re a couple years into this journey, and I’ve been somewhat disappointed in the rates we’re getting on insurance for properties held in...

When do fat in the body is more dangerous? Did you know that the amount of fat in your body is determined when you were in your mama’s belly? Important stuff you did not know about Belly fat.The truth is that dieting ...