Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...

Hi BP forums, We have a house that we are renting as an MTR. Going well so far and I'm honing in our processes. We do collect a security deposit and a cleaning fee. Unless something is trashed or missing I am assuming...

My partner and I started a LLC in January 2023 with the intent to purchase an investment rental property.  But 2023 interest rates soared and we couldn't find a deal that worked.  In the process, we did incur expenses...

Let's say someone had gotten a chunk of money, this year, and wanted to invest it to avoid as much tax as possible.  Here's my idea, maybe someone can tell me if or why it is flawed... yep, I'm a newbie.  I'll admit t...

This is my first year doing taxes while having my investment property. Property is located in Ca. Long story short I would think there would be some sort of refund i would receive for paying high property taxes,repair...

I think I'll probably have to hire a CPA this year but I'm curious of getting an idea where I stand. In 2008 my (now) ex-wife and I moved out of state and converted our personal home into a rental. Since we've not liv...

Selling an investment property can feel like a double-edged sword. While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits. For savvy investor...

I had a "good" CPA for five years until we had to part ways due to the lack of knowledge on real-estate tax deductions. I have heard on Bigger Pockets Pod Cast that there are no CPA's that specialize in Real-estate an...

I was wondering if selling your primary house to your LLC and renting it back would be a good or bad idea?  Thinking about depreciation, maintenance cost, taxes ETC.  I know it may depend on state specific guidelines ...

Looking to buy another rental and do a cost segregation to boost tax deductions to offset income from other rentals. Question is, I have these 2 rentals in different states. Do I need to buy the new (3rd) rental in th...