So I'm interested in doing a flip and would like to see if someone can easily explain something.  If I purchase a house for $100k and put in $25k and have $5k holding costs then sell it for $200k in a short timeframe,...

I was just doing my taxes and I realized I had paid for two appraisals ($800 a pop) for two refi's in 2019. Of note, I paid them with a credit card and they didn't appear on the settlement statement at the end.If I ca...

I have a question about how to handle depreciation of an owner-occupied residence where we rent out rooms. We placed one room in service in 2014 (25% of home) and filed the 4562 form for 25% depreciation of the buildi...

Hello Everyone,
I feel silly asking this but I meant what I said when I mentioned I was very very new to this. I am currently deployed and I need a trustworthy accountant from CT to assist me with my taxes this year...

Hello everyone! New to BiggerPockets, and a "new" investor. I live in Washington State, and have a couple of single family homes out of state. And now I'm branching out into multi-family (out of state as well). Lookin...

Owner occupied duplex. 50% rental, 50% owner occupied. $100K home. $40K basis for depreciation. Moved out 5 years later = 100% rental. Problem = I just kept going on the same depreciation schedule but listing the...

This is going to be my first year filing taxes with rental property. I know that some of the costs (like loan costs, points, closing costs) are amortized over the life of the property. I am interested to know what tip...

Is Turbo Tax adequate for flippers? Maybe their Premier version?

I am new to this forum and would like some advice i am a wholesaler and this is my first year in business recently open an online IRS Filing account and upon filing my return i received this profile of folks within my...

I’m looking for CPA recommendations to help me with taxes this year. Specifically someone who is good with real estate. I’m located in Provo so somewhere in Utah County would be nice. Thanks!