From CNN. Can deduct unlimited real estate losses off regular wages, no income restrictions, and retroactively to 2018. 
“Previously, if a married couple had depreciation deductions that exceeded their real estate bu...

I had a fire in one of my properties, and I have received the check from my insurer to pay for the repairs.  How do I account for these proceeds in my books?  It's not really taxable income (if I use it for the repair...

Can someone explain the tax benefits of real estate?  I know what the 1031 exchange is, but don’t know the concept of depreciation and how that is a benefit to real estate investors.  Any other tax benefits that you g...

Hello! If I sell my primary residence within one year, can I still use the cost adjusted basis and count my improvements and commission paid to either breakeven or show a loss and avoid capital gains tax since it woul...

This is in conjunction with an earlier post regarding the sale of my property in Chicago and the purchase of a property in the Indianapolis area. I have been researching the 1031 exchange process and have come across ...

Hi Everyone,Would love some advice from those of you who have been in my shoes before. I'm new to this and cramming education quickly. Im a young corporate sales professional with a large income (which we all know mea...

Well, not entirely, but you can shield more of it.

I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.

Let's say you make x a year. You ...

Hi all, this is my first post, been reading tons on BP.  I have a couple rentals and decided to do a flip this year.  Its just finishing up (next couple weeks) and one of my tenants approached me about purchasing the ...

Has anybody got any experience buying a short sale from Truman Capital?  I just spoke to a rep at Fay who says Truman doesn't do them.  He was specifically talking about short sales after there was a sale date set.  H...

I purchased raw land last year with the intention of constructing several rental units on it.  At that time, the construction prices made this a very viable strategy.  With current construction prices, material shorta...