Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Bret N.
Interest from Private Lender on Flips and Tax Deductions
I hope I am asking the correct question:If I am purchasing and improving a flip with the following scenario, how would the interest being deducted in terms of when I capitalize on the property? Or am thinking through ...
Alexander George
Setting Up Your House Hacking Situation to be Tax Efficient
What are some of the pointers from a tax and expenses perspective to consider for a married couple that is going to buy a 2 family, with the intention to owner occupy one unit, and build a portfolio over time?
Jeff Vandall
First rental property
Hello, I’m looking for information on managing my first rental. Are there applications used for organization and management of rental. Good books for optimizing tax deductions, depreciation etc.
Tanner Neils
What Health Insurance Should I Use?
I was trying to figure out what things having a job while investing gives you instead of being self employed and I was curious about health insurance. If I were to quit my job and no longer have their health insurance...
Roger Princeau
Funding question.. cash out refi vs loan
I have a funding question. I have a deal locked up for$250k.. (seller will finance me $50k. So I'm needing funding for $200k. Was looking into cash-out-refi. Accountant says this route won't let me deduct taxes. Does ...
Mark S.
Making My Turnkey Provider Trip Tax Deductible
I've done a little reading on making trips/vacations tax deductible, but I'm still not totally clear.
I am going to visit an out-of-state turnkey provider as part of my due diligence process to meet them and see th...
Charlie McVan
two properties, going to add more, LLC, deductions and more!
Here is our current situation. My wife and I purchased a property in 2016 with two houses on one lot. We have recently finished renovating the house we do not live in. And will begin to rent it in the next month. Curr...
Joshua G.
Tax Help - Owner-occupied duplex in Philadelphia
Hi BiggerPockets friends,I purchased my first duplex in Philadelphia last June and am looking for tax guidance. I live in one unit and rent out the other. Does anyone have any experience with which deductions/credit...
Daniel Dietz
Deductability of 'home imporvements' if running business at home?
Hello All, As my day job I am a Kitchen and Bath Designer and Remodeler. I have a showroom in a commercial area and have long planned on making a small Design Studio in about 10 years as a 'semi retirement gig' in my ...