Depreciation(almost 35% of income), taxes(almost 35% of income), mortgage interest(almost 40% of income) lowering tax return this year taking my business income to negative value. Last year also it lowered to much mor...

Would love to hear from some experienced syndication investors. Do you file a tax return for every state listed on the K-1 where the partnership has property? Even if there is a loss. Why or why not? What are the adva...

Hi, I have a W2 job (my wife stays home and I have two kids) and owns a few SFH as rental. I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000. Is thi...

Hello all!So I have a somewhat unique situation hoping someone can give me some advice... so I am ready to start looking into a house-hack type deal, and I will be looking for a 3 or 4-flat in Chicago to do this with,...

How do lenders calculate debt to income ratio using the schedule e on tax returns?

Hello BP. I was wondering if others commonly request the seller / landlord's tax returns when buy a rental property. if so what is the common practice for this. would it have to go through an attorney to scrub the per...

2017 was my first year in the vacation rental market. I just received a letter from the county requesting that I complete a Business Personal Property Tax Return. I called and spoke with the lady in charge and she sa...

Wanting to be qualified by a CU. She asked for 3 years tax returns among other things. Haven't had to do this for as long as I can remember. Considering each return is 25 pages, was wondering if you all bring in the w...

Anyone has a recommendation for an accountant who can help me maximize my tax deductions. I feel like I am not getting all my deduction from my current accountant. Thank you.

Hi all,

My accountant just got back to me about filing my 2013 taxes and he says I need to file 1099s for all the contractors I paid over $600 for over the course of the year.

Is this standard protocol ...