Hey Guys,
I'm pretty well versed with doing my own taxes, using turbotax or whatever.. I have the 2008 home and business edition here.
This year I bought my first house, a duplex. I live in the lower, and the uppe...
Hi All! Still trying to lock down a tax pro who is familiar with the STR strategies, but in the mean time- I’ve got some questions. I just started my AirBnB, it’s a full time investment property. According to most ...
Hi AllSorry need some last minute tax advice. I have a rental property that is used 100% as an investment, rented out the whole year, no personal use at all. Do I deduct property tax on Schedule E (rental income/exp...
I recently discovered a single family property near my home that is technically still owned by an estate and will be going into foreclosure as of 9/19/23. The owner is deceased and It is scheduled for tax deed sale. ...
Hello BP Family,I've read so much on whether to file our STR as Schedule C or Schedule E when filing for 2022. This is what I gather:Schedule E = Passive, No 15% self employment tax, No passive loss tax benefitsSchedu...
I've tried to search and haven't seen exactly what I am after, so I thought I would bring this to the group. After many, many years of owning our own rental properties and filing our federal returns, utilizing Schedul...
On this IRS Webpage there is a list of free file tax services. I was wondering if they help you with Schedule E rental income and expenses, including depreciation.
I've used them in the past when I was just an empl...
Hi Guys,
I came across this deal that I'm interested in and would appreciate your feedback as I've never owned a mobile home park before.
Details:
Mobile Home Park
Year Built - 19...
I want to dissolve my LLC where I am the sole owner with one rental property.
- What are the tax implications if I were to transfer the property to myself?
- What are the tax implications if I were to transfer the...
I'm in the Tampa, FL area. Looking to get into real estate by doing an Owner occupied property while I rehab for 6-12 months and then rent it out. The problem I am facing is that my wife and I have been self employed ...