Jonah S.
Tax Deduction Question
Question - My wife and I are both self employed for different buisnesses. Married filling joint. We both have seperate work events in the same city that are on the same day. If we both travel by car together, can we b...
With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet. But, even with so much free-flowing information on how to p...
Josh July
Tax Audits; ARE THEY TAX DEDUCTIBLE?
I have a quick question on tax deductions. Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited...
Duane Hundley
PMI Tax Deduction HELP
I purchased a house and closed in 2015 of July. I choose to pay my pmi up front in full at closing. It's listed on my hud statement and was $4,820.
I filed my 2015 tax return and showed my tax preparer I prepaid the...
Benjamin West
AirBnB Stay Tax Deductible?
I currently have an operating AirBnB in Colorado and looking to do a vacation this winter, staying in some AirBnBs while on the trip. Is it legitimate to write off the cost of the travel and accommodation as business...
Nick Martin
Airbnb Tax Deductible Expenses
I will be putting my primary residence on Airbnb for 3 months while I'm out of the country for work. I want to purchase several items (soaps, paper goods, additional towels, air mattresses, etc) for use by those who u...
Ryan Keenan
Tax deductions and rollbacks
hi bp, question about tax deductions. Are there any tax deductions that lenders roll back into your gross income when applying for a new loan? Would rental loss and royalty loss be one of these? Thanks!Ryan
Spencer Stevens
Business Travel - Tax Deduction
Hi BP, I am curious to know what proof do I need to travel to Utah (from Oregon) to check up on a rental property for the IRS audit of my business trips? I could possibly save down pictures of my texts with the tenant...