At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!

Curious as to what BP members are using for their property management software needs.Here is my criteria for selection of an online system 1.The best rental property software supports the property managers in handling...

Hello, a lot has been written about the "STR Loophole".  My situation is that my STR averages less than 7 days, I have material non-passive participation, so that I qualify for the "loophole".  I do not provide substa...

Current Top 5 Bookkeeping Tips1) Hire a great CPA (you’ll need a tax return filer, tax advisor, etc) and eventually a Bookkeeper once your business can afford it.---Both should have substantial experience in or with y...

I've been filing my tax return through H&R block software for a long time now.  I purchased a rental back in the middle of 2012 and have just now realized that my property basis I inputted into the H&R block s...

If I upload my transactions from my credit card and categorize it as business, do I ALSO need to upload a receipt for that transaction too? That would be quite annoying to have to do that if I've already imported the ...

I've read in other tax forums assertion of IRS auditing real estate pro's...  Just another issue.  My guess is that risk comes from actually negating ordinary income with real estate losses in execess of >$25k.  ...

Hi all,
Like many small landlords, I am trying to take advantage of cost segregation to increase my depreciation and further reduce tax liability.
However, a full-engineering approach is quite costly (easily over $...

For tax purposes can you use the purchase of a tablet as an expense if it is used solely for the purpose of managing and purchasing properties? I would like to use one specifically for this and not my personal one.

Hi starting a real estate investing company and looking for the best accounting software to manage financials from expenses; collecting rents; buying and selling, etc.