Long story short. Purchased a townhome 2018 before the military using FHA loan. Joined military 2019 deployed, came back and bought a single family home in 2021 using VA loan. Both are currently being rented. Talked t...

Hello, Have you used Upwork to get your taxes done? Tax preparation is complex, but TurboTax Software really takes the guessing out of it. Especially, after reading Every Landlord's Tax Deduction Guide - Stephen Fishm...

Hi, I purchased a house in Rockland Ma last May 27th 2016. It is a flip, and i'm getting ready to put it on the market. I am trying to figure out what I will owe for taxes. I'm looking to be creative and maximize my r...

Hello All: Any help will really be appreciated.I have a regular full time job with W2, married, started a single owner LLC in 2021 and purchased a property under the LLC in Dec 2021 with the intention to rent it. Then...

What are the tax consequences for investing in syndication project with a self directed IRA? I was told by a IRA company representative that I may need to pay UBIT (unrelated business income tax). Is that true? The pr...

Hey Guys
Quick version of this deal.
We bought an REO in Orlando. It closes this coming Thursday.
I'll use these numbers as they are pretty close.
We paid $180K
We have other stuff going on and we found a cash buyer f...

I read many posts on HELOC (Home equity line of credit) this and HELOC that but I want to know is the mindset for the use of HELOCs in 2018 and beyond. I read the tax law and my opinion is that a person can not claim ...

My wife and I currently live in a single family home. We rent the bottom floor with a full kitchen, bathroom and two bedrooms while we live on the upper floor. The ultimatums are paid by us.What types of claims can w...

Hey BP, I'm beginning a hunt for the right tax accountant in SC. I recently bought my first property, and have brought in a roomate paying rent to me. I have questions regarding how this affects my taxes, and would lo...

My wife and I reside in a community property state (LA) and are the sole members of an LLC that own several rental units and a non-income generating vacant property.  We will treat the LLC as a disregarded entity unde...