Aloha. 🤙🏾 Looking for advice and insight. Any help is much appreciated. Recently I have been exceeding the limit on tax deductions for my rental property business, when filing for my annual tax returns. Every year I d...

We just movedout of the duplex we lived in for four years. We just got our security deposit back minus some deductions, that they itemized out for us. Most of them I'm fine with, a couple I don't like, but understand....

I just bought a cargo van that will be used only for my rental properties.  I know there are two ways to expense the costs; either direct expenses or mileage.  Which method do all of you use and why?Also, I want to ma...

I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:

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I'm working on my tax return and ran into difficulty. I bought a used skid steer in 2018 for use on my rental properties, cost $6000. I have three residential rental properties in service and one I am currently renova...

Hi All, I moved to a new home and rented the one I lived until now. I am making 2200 a month against 2700 costs (p&I, taxes, HOA etc). thats 6000 a year in losses. is there any way I can claim deductions for this ...

Hey BP, I recently bought a book titled “every landlords tax deduction guide“ from a local thrift store, after bringing it home I noticed the book is the 12th edition from 2016. Will the material in this book be outda...

Hey BP community, I’m trying not to lose my mind here. We had tenants for 3 years move out recently in Virginia. The place was really gross- mouse droppings, damaged and moldy drywall, a broken window, termite dam...

Im scrambling to do my taxes.

What deductions should i remember to make, or what little known deductions can i make as a wholesaler/investor?

When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.


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