@Linda WeygantI have a couple of questions and know exactly the right person to ask so I've tagged Linda Weygant a CPA that was on podcast #244. Definitely my favorite podcast by far not sure if that is because I'm an...

Hey everyone, I've searched high and low for the answer to this, but I can't seem to find it. I have a couple of different scenarios and I just want to make sure that I understand how taxes work on both of these. I do...

Experienced landlords:Generally speaking, when you are turning a property between long term tenants, do consider re-painting as a “standard” part of the process? Or, do you consider that as “extra” wear and tear and d...

I read somewhere (couldn't find it again, for reference) that if I replace an item, such as an AC, in one unit of a fourplex, I can capture 100% depreciation in that tax year.  The logic being that I replaced only 25%...

I keep reading about how there are so many benefits to being a landlord, because you can reduce your income taxes and such...

Can anyone please explain how it works? Like a basic overview? I have heard people talk ab...

I own a retail business that is doing well. I want to diversify into real estate as a tax shelter and for money. My primary question is how do I show income after taking advantage of all the deductions? I can take ded...

What are the requirements for education deductions for the state of Pennsylvania? I am not talking about an actual college education. I am referring to an online film industry seminar that I chose to participate in. T...

We had a roof damaged in a hail storm and got it replaced and paid (minus deductible) via an insurance claim. This is on a property that had a CSS done on it some 6 years ago when we got it (and placed a new roof at t...

I don't track mileage at all anymore (quit recently) due to most (if not all) of my driving being considered commuting (since I don't opt for the home office deduction).  After excluding commuting miles, the allowable...

Hello BP community! For those who have ever lived in a house hack (duplex) and have filed their own taxes, I would like some advice. My question comes down to how I handle deductions like property taxes, mortgage insu...