Matt S.
Looking for help for realtor tax planning
I'm a new realtor (mid career shift with a spouse that's still salaried). I'm making a number of life changes over the next 6 months that will have a large effect on my taxes. I've been searching for understanding on ...
Joe Edwards-Hoff
Writing Off Improvements- Safe Harbor
I just read this article here and I wanted to confirm the info-https://www.nolo.com/legal-encyclopedia/small-taxp...So, it sounds like I am able to write off some of my improvement expenses, as long as it is less that...
Jon Fletcher
Historic Tax Credits vs. Accelerated (Bonus) Depreciation
Are Historic Tax Credits essentially just another form of Accelerated (or Bonus) Depreciation? What's the meaningful difference, if any? Particularly since the Tax Credits deduct your basis in the property.
Bret N.
Can you really write off less junk in your trunk with a Gym Membership?
Thoughts?Can you write off a Gym membership? YES... IF A DOCTOR PRESCRIBES IT! According to this article anyways. I wanted to share this article since I am sure many folks with a New Years Resolution might be joinin...
Patricia Andriolo-Bull
Stessa - 179 deductions
Hi. I searched the Stessa forums and couldn't find an appropriate answer so thought I'd try here. I use Stessa for my STR accounting and am pretty happy with it overall for what it is and the value I get. One thing...
Gerald Thompson
Tax Question for Home and Sewer Inspection for Rental Property
Can you write off the home and sewer inspections and appraisal costs for a rental property? If so, do you have to add these expenses to the cost basis of the property or can they be fully deductible?
Thanks,
Reece Teramoto
Deducting business-like expenses for REI while having a W-2 job?
Summary: For those with a W-2 job but that own 1 or 2 rental properties, are there any expenses that you declare that aren't to one specific property, but are meant to support / grow your real estate investing in gene...
Alan Williams
SoloK: Allowable Deductions & Adjusted Cost Basis
A multi-part question answers or insights to which are much-appreciated ...Part 1: Deductibility of ExpensesAre ANY typically-allowable [write-off] expenses and/or capitalized/amortized expenses in a taxable context (...
Peter K.
Tax deductions for a investment property?
Anybody with knowledge with taxes: what specific items can you deduct for tax purposes? I know you can claim depreciation on your home and gas for going to and from your investment home? Anybody have a list? I know I ...
Mike Conner
New to BP but love the resources-Question about closing costs
I just wanted to say Hi, I'm a new member and have been gobbling up all the info I can find on this site and going through the podcasts which are great btw. Currently I own 2 duplexes (4 units) for buy and hold and am...