Tony Kempisty
Rehab costs - tax deductions?
We are starting our rehab next week on my 1st rental property. The house is in rough shape so we'll be doing a good bit of work: new roof, windows, flooring, cabinets etc.
How much of this can I deduct as repair c...
Carol Smith
cost segregation rental real estate
We renovated and used a home as our primary residence for a number of years before converting it to a rental. We have detailed receipts and spreadsheets summarizing the cost of the improvements that were made. I bel...
Mike Smith
Change Primary Residence to Rental - Improvement Tax Strategy
Hi,I own a couple single family rentals and a primary residence (PR). I want to turn my PR into a rental and purchase a new smaller house to live in. I'm going to have to invest quite a bit of money into my PR (thre...
Alan Majors
Accelerating Depreciation on a New Unit?
I need to infill a few units and I'd like Uncle Sam to help. Anybody know of a successful strategy to accelerate depreciation on a unit or two? I'm currently a sole proprietor, not a C-corp.
Alf Holst
Tenants doing improvements
Got a tenant that wants to update the kitchen (works for a company that does kitchen remodels). Claims he has surplus countertops and other materials to improve it. Says he doesn’t want anything for it, like lower ren...
Michael W.
can a tenant demand money for work done of his own remission
Hey all I have a question,I am fairly new to the landlord process but I have a few properties. and I started noticing I might need help with some of the repairs. I had a family member who was in a bad situation who of...
Matthew Bailey
Recommendations for Content Creators/Editors
Hello, I'm looking to add some content to my website and I am looking to see if anyone has recommendations for content creators/editors. I'm looking to personally generate some blog posts for my website and would lik...
Shannon Davis
Tax write off
can you write off all your licensing expenses on your taxes? Money to take your mandatory courses etc?
Garen T.
Deducting interest from HELOC to finance projects?
HiI have properties that I will take HELOC loans out on in order to finance the next property. It will be for construction, or acquisition, or fixing it up.However, this year my accountant just told me that the intere...
Account Closed
cash flow tax free?
i have a simple question about cash flow from rental properties and taxes. is cash flow considered income? Will i have to claim my cash flow as income and be taxed on it? 'm just a little confused about this.