Can someone take the time to help me understand the 1031 tax exchange? Thank you ahead of time!

Next week I am planning to do some extensive year end cost analysis on my expenses so I can figure out how much is going towards cleaners, toilet paper, coffee, misc expenses etc. Can I count those hours as Material P...

i have a CPA but before i run this by him i wanted to ask the forum first...my rental business has several properties but all my rental income rolls up into 1 LLC.  i know some people have different llcs for different...

Last year, we spent $15K fixing a flooding issue in our rental's crawl space. We hired Company A (an emergency flooding company) to pump out the one foot of water and remove all wet/moldy drywall at a cost of $5K. A c...

Does anyone have any suggestions on a clear definition or maybe even a list of what could be considered a capital addition? Are these things set or does it vary?

This is a broad question and I'm not sure if I have the correct words to ask, but I'll try.  If I have a tax deed, and I have removed any questions about possession, either by having the taxpayer sell me his remaining...

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.
This provision allows taxpayers to expense certain qualifying assets upfront instead of dep...

My wife is REPS status. I am a W2 employee. I used to believe that the limit is $500,000. But is it still true? Thanks in advance!

Hi, I was watching a kiyosaki vid, and I heard him talk about Jared Kushner not paying taxes in regards to 3 forms of income. I’m not totally sure what’s being said here and I’m not asking for the “safe” “sounds real...

I'm living in a tri-plex house hack. Renting out 2 units and living in one. This is currently the only property I own. I've had work done on the building itself (roof repairs) and remodeling work in one of my previous...