I have researched this topic extensively on Bigger Pockets and elsewhere and I am still struggling to understand the tax code. 
I have a STR property that went into service in Jan 2022. I met the Material Participati...

Last September while going through a transition to more passive real estate I started doing real estate photography for a photography company 1099. We became very busy this year and I started making great connections ...

This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...

Hey BP,
I applied for a mortgage with a lender I've used before. He was recommended to me by a friend and realtor. We did not use said friend's realtor services for this transaction.
Friend contacted my dad because ...

Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...

Hi, I have three rental properties in Houston (TX) and all three have passive losses. I have regular W2 job and thus active income. I file jointly with my wife. She does not have active income.what is best and easy wa...

Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service?  I was under the impression that you cannot, that they must be added to the ...

I own 1 profitable rental property and I am retired, keep separate records on my rental property.According to IRS guidance it states:  "If an interest in real estate fails to satisfy all the requirements of the safe h...

Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status. Specifically, I want to understand how you track your daily activity and to what level of detail? Are t...

OK, tax pros, please answer these scenarios for a buy-and-hold investor that materially participates in their rental activities:

1) You draw down on your personal residence HELOC to finance a rental property. You d...