Hi,I've recently purchased some lawn equipment (leaf blower, lawn mower, weed trimmer) for the sole purpose of maintaining the property around my quad.  How do some of you handle depreciating this type of equipment, a...

Hello, I live in a single family home that’s split off. I live in one side and have the other on Airbnb. I’m looking for a CPA to help with taxes. I live in Fort Worth, TX.

The IRS previously viewed buildings as a single unit of property (UOP). However, the new regulations under IRS Code 1.168(i)-8 allow you as the property owner to utilize a cost segregation study to dispose of smaller ...

Just curious as to exactly how owning a rental property can lower my AGI (adjusted gross income)? I have heard that I can take the following:depreciation, but doesn't this just lower my net income for the property? wh...

Have an older car I have driven forever as a work horse.Looking at trading it in for a brand new car on a lease.

Normally I wouldn't look at a lease but I am thinking I can write it off in my corporation.

I am not a...

Hello Bigger Pockets Community! I want some varying opinions about the tax deduction for services work completed on a rental property of mine. I had some subcontractor work for a rental of mine and failed to send a 10...

I got a tri-plex in San Antonio that has the replacement cost set at 260k. Last year I payed 1600 for the insurance with 1% deductible plus water backup. This year they want to jack it up to 2000, so I contacted them ...

When I buy a home with a 30 yr mortgage at a rate of 4%, I have a payment each month for 30 years. Some of the payment goes towards paying down the principle; some goes towards interest. I then get to deduct the inter...

Hello fellow investors
I’m not sure if this is the right idea or not. so I’m hoping I can borrow from your experience/knowledge.
I have 5 rental properties and in most of them I have an equity of more than 35%. My...

Greetings fellow investors,I am close to get into my first property and I am wondering about the following.We are all aware that the interest paid on the mortgage is tax deductible but ......A) Does the deduction rela...