I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...

Investing in real estate has increased in popularity over the past 8 years becoming a popular investment vehicle, the art of buying to rent really became a broad market approach shortly after the 2008 housing crisis. ...

The laws haven't changed since 1997- and your personal home 'tax exemption' may be over the limits, due to years of appreciation in the real estate market. I found this excellent article this morning- folks in high-ap...

I have a foreign rental property that's been in service since 2013. I recently found out I could claim depreciation for it. I contacted a CPA and he said I would need to amend my forms from 2015 on since that's within...

I am sure this is a pretty basic question with a straight-forward answer, but I have thought about it too much and gotten myself confused by my own thoughts.

When purchasing a rental property, it has been standard f...

Hello,According to NOLO's Tax Deduction Guide, the waters are somewhat murky when determining whether a rental property owner is a "business" or "investor."  I own one out-of-state single family residence that has ten...

Hello people of BiggerPockets!
I am a new homeowner. The rental apartment I just moved out of is in Los Angeles county, where California law requires that a landlord returns a security deposit (or provides an itemize...

I had lived in the house for 2 years. I put down about 100K and am walking away with about 300K, 100K of which is my down payment, give or take (rounded numbers for ease of discussion).I just moved into one of my chea...

My friend, The Mad Fientist (guest on  BiggerPockets Money Episode 18) is a huge fan of legal tax avoidance.His accountant asked for a tshirt from him, and in exchange, he got an article about "the most exciting new t...

Suppose one purchased a 4 plex for $400k and took the standard depreciation for 27.5 years deducting $300k for tax purposes. If I am correct then anything sold above $100k ($400k-$300k) is taxable taking into account ...