Alex Natanson
Capitalizing flip expenses
I'am relatively new to USA flipping business but have a strong experience in other countries with a different kind of accounting/tax systems . I have looked through the search but have not found something correspondin...
Mitchell Kane
Borrowing money means less taxes?
Hi all,First time poster here, I would like to buy my first home soon, so I am trying learn about real estate investing, from Seattle, WA. I am reading one of the Rich Dad, Poor Dad books: Retire Youg Retire Rich, an...
Ivy A.
Are Inspection and Appraisal Cost Deductible?
I paid for an inspection and an appraisal for the deal that eventually failed through. Are those expenses tax deductible at the end of the year since I didn't end up buying the property?
Mindy Jensen
Section 199A: Legally Avoid Taxes on the Last 20% of Income???
My friend, The Mad Fientist (guest on BiggerPockets Money Episode 18) is a huge fan of legal tax avoidance.His accountant asked for a tshirt from him, and in exchange, he got an article about "the most exciting new t...
Zee D.
HOA pays Master Policy Premium but not the Deductible?
I have a rental townhouse with an HOA. There is a master insurance policy for the area that covers common walls, roofs, etc. As expected, there is a deductible for this insurance coverage. What is news to me is that t...
Catie Baker
Tax Deductions for Investment Property
Hi everyone, question around tax deductions for investment properties. We purchased our first investment property last year and just met with our accountant to file our taxes. He informed us we cannot deduct any of ...
Chad Pore
SFH Landlord Insurance
Hello,I am curious what insurance others are getting on their SFH rental properties? I have seen a number of posts where people mention they are paying $50-$75/mo on properties over $100K. How is this being done. Here...
Michael Paulson
Section 179 Deduction Inquiry 2016
Hello,I don't need a cargo van for my business at this point in time but after having reviewed the section 179 guidelines, it seems like it might be beneficial considering the tax bracket and financial position my bus...
Leon Duncan
Tax write off
if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?
Arthur C.
Deduct HELOC Interests?
Question for you all in this community, can you deduct interest paid out of HELOC, which the funds were used to buy a rental property? It is my understanding under the new law, HELOC interests are not deductible for a...