Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...

Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...

Good morning! Great to be here.

Just obtained my first LTR and did a mild flip to improve some cosmetics. Before I advertise it I need to clear up some confusion so I can start on the right path. I realize the LL...

I've already lined up a property to purchase in 2025 for roughly $450,000. I am a full time real estate professional and my spouse as a state employee W2 paid job. I plan to keep this property for the long run and am ...

I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...

Hey BP, One of my good friends is totally just did the worst tax job in 2022 I've ever experienced, I vowed I wouldn't ever use him and mix business and friendship..., but my last CPA totally did me dirty and I had to...

I am a w-2 employee. I would like to start a side business for my wife and I to qualify for sd solo roth 401k. If I start an llc that executes regular marketing, wholesales some properties and completes some rehabs....

Hi BP Team,Hoping there is a tax professional out there that can address my question.  I recently realized a significant 1231 loss.  I understand there is a 5 year carry over on this so if i realize any gains those ga...

I ask my CPA if they have a strategy for cost segregation, their reply was no. I asked if they have a strategy for step down depreciation, their reply was no. As a r/e investor would it be better to find a CPA who's a...

Hi all!
My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there ...