I run a family owned general contractor business (custom homes). However, I am not a registered principal of the company (s-Corp). My mom and dad are the two registered principals as they started the company 30+ years...

I was hoping I could get some direction from an accountant or someone with tax preparation knowledge. I am working on completing my 1098 interest forms. I have a situation where I have two borrowers (an individual and...

I have a 2nd lien that we are near foreclosure sale (in Florida). However, borrower hired attorney (not surprised) & attorney claims that since borrower received 1099 from lender in 2010 that lien was released. My...

Hi everyone!  As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property.  If I collect $1000 in gross monthly rent, that's $12,000...

I currently am using property managers from my rental properties. One property manager told me that he would send me the signed lease of the tenant that passes his screening process. I asked if I could see the applica...

Hi everyone,I've had my mortgage recently taken over by another company, I've managed to log on to their online portal to see they are charging me three times the interest than the principal and had a quick look on Be...

For those of you who do not an alert set up for whenever news breaks about the new tax bill, details are coming out about what will be contained in the final version of the bill (coming out of committee).Here are the ...

Is there a way to fully realize mortgage interest deductions on several investment properties? Our current principals on our properties are over the $750k limit so we could not deduct all of the interest paid? Will mo...

'Ok, this may be obvious but I would like to make sure. My husband is doing a 1031 and thinks he can purchase the property that I am selling. His property and 1031 are in his name, my property is in my name. We usu...

Hello Bigger Pockets,I'm hoping someone will have some expertise to share. I'm trying to help my Dad (who is a dual US/Canadian citizen living in the US) sell a property that is located in Canada. It appears to me fro...