I was looking over the health exchange website and one of the income questions was Net Rental Income amount. Does net rental income factor in depreciation? Or is depreciation a different type of expense because you...

can someone give me a quick summary of the tax benefit to owning a rental prop?  i understand about using all the expenses to help offset the income generated by the property, then with depreciation, you may end up in...

Hello!Two part question: Would somebody mind providing a brief overview of the tax savings of purchasing a 2-4 multi family in the first year of purchase as owner-occupied. For example: If my W2 income is 100k and the...

Hello BP Community,I think I know the answers to the following questions, but I wanted to verify with the BP community:Background: I have spent the last few months researching, visiting, and placing offers on properti...

Hello Friends-We are under contract on two duplexes in Michigan, and shopping for insurance (everyone's FAVORITE topic). We are fairly new to this so, as we learn about all of the different aspects of a policy (ACV vs...

I need to use a street address for a dba filing and plan to use a UPS Store mailbox rather than my residence address. Can I still get a home office tax deduction with the business address different from my residence?T...

Cost Segregation in Real Estate: 
Real estate investments offer a path to long-term wealth accumulation, but the tax implications can be complex. Fortunately, cost segregation is a valuable strategy that real estate ...

I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material...

A wonderful evening to all of you from New England! :-) I've posted a similar post on a different forum (probably the wrong one) and haven't gotten any feedback so I'm hoping second time is the charm.I'm a CPA in the ...

Hi everyone,

I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?

Thank you!