I'm getting prequalified for a loan at a large national bank.  He requested for my pay stub, last 2 years tax returns, any applicable w2 and k1, and 2 months bank statement for source of down payment.  This all seems ...

Hi, I bought a furnished 3 bedroom condo last year in North Myrtle Beach as an LLC and received a notification from the county that I have to pay a personal property tax on the furnishings. I have no idea how to place...

I'm a little confused about how the depreciation works on items that don't last 27.5 years, such as flooring, appliances, cabinets, etc. I know that you can apply accelerated depreciation (5 years) on certain items, ...

Good evening BP community,I'm preparing all my tax documents prior to meeting with my CPA and I'd like to show up to the meeting prepared.  Appreciate your time reading through my questions. Last year I purchased a du...

My tenant's lease ends in a couple of months and I am not renewing their lease. They haven't done anything wrong, I just need the property back. The lease does not state how the landlord should communicate to the tena...

I had to replace some windows for my rental last year. Believe it or not, I couldn't find much info on google except the IRS website had a Q&A stating windows must be depreciated over 27.5 years! I thought, "Since...

Hi- looking at AJ's mastermind for self storage. Does anyone have any experience? Heard feedback?

I have a question regarding smaller items in rental properties, such as pillows, door mats, small floor mats, bed covers, etc. To make the answers unbiased for either side, I would like to ask this question both as a ...

I am getting prepared for taxes and I'm reviewing many of my expenses for a property in the last year.Do I need to categorize my home depot and Lowes expenses based on whether the item was purchased was used for a rep...

Hi everyone!I am under contract for the construction of a property. We agreed upon 4 payments. The first to be made to initiate construction, the last when construction is finished and 2 additional payments in-betwee...