Quick question for the experts. I am planning to purchase a fix and flip property and I always buy a couple of new tools in the process. Mainly because I have a tool buying problem...anyway. my question is if I had to...

I have a question that I am hopeful someone here will know.  For tax purposes, the real estate professional designation is something that is very helpful if you are an investor.  Would a home inspector be able to clai...

Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...

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? 

We were awarded a court judgment last year and were able to slowly collect with wage garnishment through the ex-tenant's employer. The employer reported it as a non-employee compensation (Box 7) on 1099-MISC. The prob...

Deed is your name, mortgage is in previous owners name, you've been paying the mortgage, do you write off the interest? My accountant says I can't...

Hello Everyone! I am looking for some advice regarding the 1099 / 1099-NEC tax forms and whether or not I must issue these to contractors for my specific rental property. I currently own just one property (a duplex) a...

Is paying one-twelfth of my taxes every month along
with my regular mortgage payment better or pay the whole taxes in advance will be better?? So I can pay just the principal with the insurance every months. What is...

Hi everyone, I need some tax and legal advice in my situation where I have been incurring a good amount of unexpected expenses, and after some research tax rules seem to allow up to $25K of write-offs a year, but is p...