Fred Stevenson
Allowable tax deductions
I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
James Defazio
Tax professional help needed!!
So this is the first year that I have not had a traditional job and w2 income to show at tax time as well we own 4 rental properties (one in which we live in one side of a duplex). We also did a short term rental on A...
Joseph Pugliese
Doubtful Deduction
The median priced home is $220,000. Assuming 10% down and thus a $198,000 mortgage, at the current 30-year mortgage rate of 3.7%, that works out to a payment of $917/month. Add $180/month for property taxes and the to...
Kenia Crevoisier
You can deduct charitable donations even if you do not itemize
Hi BP members. I am CPA that specializes I real estate and international tax. I am also an aspiring real estate investor I hope to connect with other RE investors and share some of my tax knowledge with you all. I’d l...
Jennifer Van vlymen
New tax law on HELOC
Looking for answers about HELOC live in California With the new tax law in 2019 My husband and I have enough equity in our house to pull out a HELOC was wondering if it’s still taxable if we use it towards the purchas...
Chad R.
Is there a Tax Benefit to having Mortgage interest all on rental property ?
I am in the process of moving to FL where I have 2 short term rentals. both with mortgages on and the new Primary will also have a mortgage. Is there a tax advantage if I do a cash out refinance of one of the rentals ...
Mark Navaro
Borrowing against rental to payoff primary home loan
The 2018 Tax law discourages itemization by providing a bigger exemption and capping mortgage interest and SALT deductions. I have a rental that is fully paid off, but my primary residence carries a mortgage. If I bor...
Sameer Jain
Property tax deduction in 2018
Merry Christmas . The new tax is a reality . I wanted to get more understanding on how will be property tax deduction on primary homes in 2018 . Is it capped at$10000 for both single and married ?if you live in high t...
Parmer Cherry
Tax right offs for rehab demo
Hey guys,
I am a new real estate investor and I am trying to save money in every way during our second deal, first rehab. I remember working for a real estate investment group and they mentioned taking the removed fa...
Yongjian Pan
Itemized deduction for taxes
What does interest payments and property taxes are tax deductible if you itemize mean?