Charissa Bruckman
Write-Offs for Taxes
When flipping a house, what are some expenses that can be written off for tax purposes? This home is a few hours away; so what about things like driving miles, anything we purchase for the house, food while working on...
Mallikarjun Reddy Pateel
Chicago Property Taxes Guide
whether you're a new Investor or a veteran in Chicago Real estate, this is pretty much everything you need to know about Chicago Multifamily property taxes. Cook County has an effective rate of 2.10%, almost double th...
Andy Tonya
New to Investing We have purpose No plan Looking to connect in Rockford area
Invested $10,000 in AirBNB. No Support and/or no experience either. Have equity available We just don't know how to connect with the right people or how to avoid mistakes. Need some mentoring and guidance. We will do ...
Nicole Graves
Accountant in Central Virginia
Hi BP Community! I'm just getting started in REI and have most of my team together and am wondering if anyone has a good recommendation on an accountant in the Richmond/Glen Allen, Virginia area? Also, any recommen...
David Smith
Bergen county real estate CPA
anyone you can recommend/ are using?1031, rental tax consulting, tax planning
Agostino Pintus
Proposed Capital Gains Tax Increase
President Biden has proposed to nearly double the capital gains tax rate in an attempt to fund the $1.8 trillion American Families Plan. This has caused some investors to fear a loss in their wealth, while others will...
Yas Tahir
Long term capital gain
I have a technical question for tax purposes. We purchased a REO house and settlement date was Feb 13, 2019 but disbursement date is Feb 14, 2019. Somehow WD deed signed on Feb 8, 2019 and recorded Feb 15, 2019. So wh...
Andy K
How to avoid self employment tax when flipping properties?
Hi all,A friend of mine and I are planing to partner up and fix and flip properties. We plan to put down payment together, get a hard money loan, rehab and then sell properties. I am an experienced buy-and-hold invest...
Shannon Russell
Looking for a CPA in Southwest Missouri, Springfield MO
Hello. My husband and I have a small portfolio of 15 single family dwellings. We started investing for about four years. We've met with a couple accountants, and are using a reputable firm but they don't have exper...
Wanda Croft
Tax deuctions on roof repalcements
HI everyone, my question has to do with tax deductions. We had our roof replaced on our rental last year and I know the expenses can be writing off under depreciation. My question is about the amount. The entire co...