We paid cash for our first rental property. Now we want to finance and buy more properties. Can we deduct the interest on the loan three years into ownership?

I've been reading IRS Publication 527 to better understand the tax accounting for rental properties. I'm not sure how to interpret this statement about insurance:

"Insurance premiums paid in advance. ...

ATTENTION Investors, Small Business Owners, S- or C- Corporations, Self- employed Individuals or anyone who questions whether you’ve overpaid on your taxes.

Did you know that you can revise and resubmit your tax retu...

My tax home is in Connecticutand we own one rental property and would like to looking into a new market out of state.We are looking to schedule a viewing tour in the west coast for a potential rental property and woul...

Hi Everybody - I purchased a 4 family home in 2016 using an FHA loan and paid 1.75% up front PMI at closing. Does anybody know if and how I can deduct this amount? All I can find online is this is normally amortized o...

Is uncollectible rent that the tenant did not pay deductible.  Of course we evicted him.

Hello BP community,We are planning to list our property “in service” for short term rental use starting January ‘23. We are making some repairs to the property this year in the months of November and December. We purc...

question for those who claim the home office deduction: So I have 3 properties total under an LLC as well as my regular full time job.  I have a room in my basement where I've always kept all books, a desk and have us...

I have been considering getting my CPM (Certified Property Manager) designation both since my day job is in Property Management and I moonlight managing my own property investments.  The program is approx $6000 to com...

I'm an active investor, but I don't qualify as a professional REI.  I'm trying to understand what types of business related expenses I can deduct.  I have created an LLC that I will be using to buy my investment prope...