I've been doing a lot of research on rental property tax accounting the past few days and am amazed (frustrated) at how many different answers I'm finding. For example:
1. Pre-rental expenses. On the one ha...
I’m a newbie for both of this site and investing in real estate (going to be my first beside my house that we living in now).
I’m looking in buying condo or a house to rent it out. The thing about some of the con...
Hi All! I am wrapping up tax prep on my extension for 2018. I am thinking creative thoughts about how to handle the real estate flip project that we began in 2018 and completed in 2019. Let me know how you all thin...
Hi - I have a general question on taxes for flips. I purchased a house with a partner in 2017 that we rehabbed and will be selling in 2018. There were a decent amount of costs incurred in FY17, but I'm not sure if the...
Goodevening from NJ,
I have a tenant in my 3 family Investment property/house that just got a dog without informing or asking me and has a no pet allowed written clearly in the lease. I came to know of it when my ne...
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
I currently own a small plumbing businessI am trying to figure out if I am better off having employees on my payroll or having them on a 1099?we currently work for a big box retailer that pays us on a 1099 my plumbing...
I just drove by my property and the landscaping is very overgrown it is the worst on the street by far. How should I respond to this? Do I message them reminding them that maintenance of landscaping is their obligat...
My fiance and I are looking to pull some money out of a house we just finished rehabbing to pay off some of the construction debt on 9mo no interest credit cards.
Its our primary residence. We have about 20-25k in de...
Hey BP Community.A few months ago (pre-COVID-19) one of my seller-financed note holders approached me and asked if I could accelerate the payoff of the note even though the note/contract still had many years left befo...