Can't sell our residence in MN and are forced to rent it. Cash flow is break-even or slightly negative if I rent it out. Can you help me understand the tax benefits?

Monthly outgo: $840 PITI + $110 Property Managemen...

Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years. I have a full time w2 job in Commercial Real Estate but have my real estate licen...

Hello ,
I am currently thinking about selling a rental property because the rent I receive does not cover my expenses. I’ve been renting it since I purchased it 5 years ago.
I paid $274 000. Its currently worth abou...

My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...

Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:"And what I suspected did happen related to the rental. Your income was too hig...

Hi all - are you able to benefit from the mortgage interest deduction on an owner-occupied multi (2-4 units) as well as offsets for your W-2 income?  Any other way to maximize in the current year as opposed to rolling...

So I'm currently living in a boom and bust town. There have been minimal sales in the past 90 days. Not enough to get any comps.

How would you all go about evaluating the value of a property, when prices 12 months a...

I am in a situation that traditional tax benefit of real estate investment is not applicable.

My wife and I want to buy a primary residence and rental properties within next 3 months and hoping to make this investme...

I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.

Investors that are wholesaling and flipping are typically in the business of re...

I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental. Trying to understand if we should sell now...