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...

Can I deduct water bills and/or electric bills (common hall/basement lights) as a business expense for a non owner occupied duplex?Water is the only utility that the city does not allow to be split/submetered or put i...

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...

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 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 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 am a Canadian, and have already established a LLC in Nevada and I would like to get some advice as to how I should claim my travel expenses to and from Canada-Nevada. I have been told that I can only claim the actu...

I'm likely to purchase out-of-state property in 2016 and will travel to ensure that things are in order before making a purchase.  The purchase will be made using a conventional 30-yr mtg in my name--thus I don't have...

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...