For short term rentals, do you think it's best to go with Schedule c or Schedule e when filing your taxes? I can't seem to get a clear guideline between these two. For the EY guidebook, it appears that C is when you p...

I have 9 units (condos and townhouses) in Jacksonville FL.  I have gradually taken over the management myself.  I would like to expand but cannot obtain a loan to buy more myself.  The properties are free and clear bu...

I’m an engineer (full time, W2) and a real estate agent on the side (Schedule C).  I have 20 rental properties (Schedule E) that currently carry a passive loss of 300k. I am purchasing another rental property and will...

I put in a new furnace this year, I known I list it in part III of my 4562, but then do I combine it with the property on my schedule E or does it get its own column? 

I'm thinking of converting a vacation home to a rental.  Obviously I can get depreciation advantages, but how do I do that?  Do I simply start taking depreciation on Schedule E?  Can I get retroactive advantages?  How...

Do you advise against showing a rental at the same time to two or three possible tenants? Or do you think its ok and efficient? Should I schedule the 30 minutes apart. I don't want to schedule it 30 minutes apart beca...

My wife and I are the sole proprietors of the business that that sponsors our solo 401k (unincorporated sole proprietorship).  That business will probably make a total of $30K in 2018.  I understand that this calculat...

I'd like to claim a home office deduction (I've reviewed the details and I'm eligible).  It's my first year with a rental property, and I did not have a profit (on paper), so I know that the deduction and depreciation...

Is it pretty standard for your accountant to roll your LLC and Personal taxes into one return? That is what mine did for 2018 and has done with 2019, as I have been paying quarterly so as not to have such a big amount...

How do you guys clean these? Do you have a cleaning company go in only after turn over and the traveler has to clean while they are there for the month or 3 months? Or do you guys schedule a cleaning company to come b...