If one overpays the state income tax, they receive a 1099-G the following year for the refund amount. This makes sense since  you were able to deduct all that was deducted rather than just what was ultimately owed. If...

Just had my 2018 taxes done, it was my first year as real estate investor and for better part of the year, I was working to increase my real estate knowledge base by attending both paid and unpaid seminars, reading re...

Recapitalization is not a common way to
cash out the first round of investors in a MF syndication, but when
it is used, what is the process for determining net gain on the
investment? In a Recap, the GP refinances...

Newbie investor here.I've read that I can deduct depreciation from my expenses.... What other non-cash expenses can I take out? A maintenance reserve? A vacancy reserve? Or is this not allowed?Also, I know I can deduc...

hello i close on a duplex 11-16-2017 doing a lot of repair to the property , flooring , roof , gutters , windows , countertops bathroom and kitchen repair kitchen cabinets and bathroom cabinets , it need a new washer ...

I own a two family---live in one half and rent out the other half.

I have losses on the rented half -due to expenses , mortgage interest, etc exceeding rent.

My accountant tells me that i can't deduct this loss ...

Hello everyone,

My wife and I are looking for a good tax professional in Houston. My wife is a new real estate agent and she uses an office in our house for most of her work. I just have one W2. Nothing to complicate...

Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...

I only have 2 investment properties and considering tax advantages, is it worth becoming a licensed real estate agent? I’m doing some research it seems becoming an agent (not my full time profession) can allow for hig...

I know that expenses on a rental property can be deducted from my taxable income, but what if I quit my 9-5 one day and invest full time? Can I deduct from my cash flow income this way?