Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?

Hi Folks,  Last few years I just added up my general business expenses: education, technology, subscriptoins etc, divided by my number of Sched E houses and added an expense called General business expense onto EACH h...

Has anyone taken or considered taken the Covid 19 Cares act $100,000 out of their 401k to purchases additional properties? What are you all's thoughts? My thoughts are that you could buy a property and depreciate it o...

Hi BP! Can anyone recommend a CPA for someone who got their first STR property this year? TIA

I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...

I had my roof inspected after some recent storms in the area and the roofer told me he strongly recommends I replace the roof within the next year. Although no leaks were spotted, he said that because my roof is at le...

my two business partners and I just closed on a duplex.  the plan is to house-hack.  two of us will be living there as a primary residence but the third person will not be there.  however all three of us are on the ti...

Am I correct in assuming that most investors do not have a storefront/office space where they conduct business?
Is it considered not necessary due to "virtual offices" and home-based business practices? Ar...

When figuring out expanses, one thing that eats away most of my profits is insurance, but I assume pretty much same number for any size/year property: $1000/yr for homeowners insurance and $1000/yr for flood insurance...

Hi, I want to thank you for taking the time to read this. Call me insane but I wanted to take a stab at doing my own taxes and see if I can make my way through. However my biggest fear is that I leave a significant ch...