How can I go from not claiming allowable depreciation on a rental
property to claiming allowable depreciation without creating an
unauthorized change to my accounting method.

I have owned the property since 2003.

I...

Fist off i want to say the BP forum is amazing it has alot of posts that have answered my questions so thankyou.I want to start of by saying im self emplyed and i work full time earning good money, with my job i can s...

Personally, I don't think there is ever a "perfect" time to invest in real estate or buy your forever home. Yes, the low interest rates of years past may have been an optimal time to invest or buy, but as you see with...

BRRRR seems to be a very popular method to acquire rentals these days. Do you think it's likely the BRRRR method will not be possible in the next housing downturn? Also just wondering what is the history of BRRRR? I'm...

We purchased our first 4 Unit Building after a successful Triplex property. We came across a property with the ability to financing using seller financing, and noticed that the property was severely mismanaged and low...

So I have lined up a home that I was originally going to flip but I think may be better for the BRRRR Method. Or at least I thought so.The homes ARV is roughly $250,000 but I can get it for $170,000. It needs $37,000 ...

Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...

I am sure this is a pretty basic question with a straight-forward answer, but I have thought about it too much and gotten myself confused by my own thoughts.

When purchasing a rental property, it has been standard f...

Hi Everyone, I'm new to the bigger pockets forum. Since the tax season is right around the corner, I'm wondering that how can I write off my leasing agent fee? I worked with one for the leasing agents at Austin area,...

This property is in the north end of Wisconsin. I used to live in this duplex and I moved out to convert it to 100% rental and refinanced. Other topics I have researched about changing the basis include "you don't tra...