I'm keeping a tracker of my mileage for tax deductions through real estate.  In doing this it dawned on me, can you write off the mileage that you drive for drill weekends as well?Given that drill weekends are only on...

My parents used to live in their home, which was bought in 2009. They moved out and started using it as a rental property in June 2016. This is the first year I am doing taxes for this property. Prior years were done ...

Hey Guys! I have a question regarding LLCs. I currently have an LLC, which i have bought and sold all of my flip properties under. After investing in flip properties since January 2013, i have decided to get in to the...

The new tax law starting in 1/1/2018 states you’re now capped out at $10,000 for SALT. There is no distinction between investment and home ownership in the law. That means you can’t legally deduct anymore then $10,000...

I am a new landlord renting out my first rental property. Does the IRS consider rental income as regular income and tax accordingly (30%)? Are there any special tax breaks?

Hey All,I am having some trouble understanding how DTI is calculated and it seems that the different lenders I have talked to are telling me different information.I have 1 year of landlord experience renting half my d...

I am getting a cash out refinance mortgage on one of my rentals and will be using the cash to rehab another property to rent out. As I understand it, the appraisal fee and some other closing costs are not immediately ...

I have been watching several of Mark Kohler's videos on Youtube regarding tax strategies and planning, and came across something that made me scratch my head.  In his diagrams, he considered all rental properties as p...

So I'm about to sell my primary residence, if the profit is roughly 450,000, and I am eligible for $250,000 capital gains exemption, it means that I will be paying capital gains on the remaining $200,000.My question i...

I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.

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