Can someone explain to me what exactly would happen if America defaults on its debt?If America has never defaulted in the past can you give me an example of another country that has defaulted and what happened to them...

Had a potential tenant who contacted me and stated her husband doesn't have a SSN. On my application I have applicants must have a SSN but never really thought why someone wouldn't have a SSN. Why wouldn't someone hav...

I'm cheap (ahem, frugal) and I've been doing my own annual taxes. At what point do you need to start paying quarterly? I have a W-2 job, and happily the rental portfolio is growing.

Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...

I have two questions hoping y'all can help me out with. 1) I'm purchasing a multi family property in my personal name. Should I set up an LLC to manage the property? (For ease of separating expenses, write offs, payin...

Hello - I'm new to posting to BiggerPockets, so please let me know if this should be posted to a different area.We moved to TN, and have decided to close our LLC in Michigan. The last property under the Mi LLC will be...

IRS peeking into your income,  Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!! 
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...

Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...

It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...

From my research, it appears that a single individual can write-off $25k in passive losses for non-real estate professionals if their AGI is less than $100k. This benefit is phased out to 0 as income reaches $150k. I ...