I amended my 2010 federal return for a incorrect Form 4562 item this past week. Would it be ok to file my 2011 federal return now, or do I have to wait until the IRS approves the amended return. Im pretty sure that ...

I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...

Ok, now I am really confused, last week there was a discussion as to if just a landlord receiving passive income (rental income) was required to issue 1099s and the general concensus was since they were not operating ...

Enough with the doom and gloom about homeownership. WSJ article below explains why owning a home is a good thing. I agree especially if you know you will live there at least 3+ years ....

1) You ...

We purchased a 24 unit apartment complex. No renters. We are renovating it. We purchased in 11/18 and had a lot of expenses in 2018 AC, electric, etc. My tax person is saying we can not deduct any of those expenses on...

Hi,I apologize if this question has been asked. If you form an S Corp with your properties and your building has losses, can you write off those losses against your AGi?

Whether you're an avid investor or just getting started, below is a list of connections I recommend saving in your phone, if they're not there already. We not only shared this list at last month's AVID Investors meeti...

Hello BP Community!I am working to acquire a portfolio of manufactured housing communities and have a few questions regarding depreciation I was hoping to find answers to or be pointed in the right direction. My quest...

Hello,I am new to real estate investing.  Part of the reason I'm beginning down this path is for a tax shelter for my W2 income.  I'm married with one child and make $135K.Will I benefit more in tax deductions by purc...