Hi,I have a tax related question on the rental properties. I read that rental property purchase value will be depreciated to 0 over the course of 27.5 years and that depreciation can be tax deducted every single year ...

Hi BPers,Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a differen...

I see numerous threads on umbrella policies here, but I am still not 100% clear.  Few questions.1) Does the umbrella policy on my primary residence also cover any rentals I own? I think the answer is it depends on the...

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 personal itemized (Schedule A) deductio...

My wife and I own 3 rental properties and our primary house. We both have W2 jobs and gross about $130k together. We are not real estate professionals. My CPA says it’s best for us to take the standard deduction despi...

I set up a standard mail, pre-canceled stamp account with the post office and now they're telling me that the yellow letter does not qualify and that it is first-class mail because it includes personal information, i....

It's my first time helping my parents with tenant screening and the demand for rent has been great. We received over hundreds of inquiries. There is definitely more demand than supply in our market. Unfortunately, mos...

Hi all,

I’ll be closing on my first property within the first weeI of November, an owner occupied triplex.

Assuming it takes me a month or two to get ready and tenanted, I may get a months worth of rental income.
...

I am an investor in the Austin Texas area and want to take a quick poll on whether people are using their own one-page purchase contracts or the standard state approved contracts (TREC for us in Texas)?  What, if any,...