Hi everyone,I have a question specifically about claiming expenses (tax deductions) on "major" renovations/repairs for rental properties, specifically in Canada (but perhaps US has a similar system).As far as I'm awar...

Hi, I am curious on what can be done to avoid/reduce capital gains tax on a property I sold. I know I could have done a 1031 exchange prior to selling but we did not plan to continue investing in real estate, we wante...

Hi -Newbie question. A favor, please. If you are using #s to explain something, please pull from the #s below.I am in the process of buying my first long-distance property. First the #s:$150k purchase price$50k repair...

Hi, I'm new to real estate investing. I was wondering if I form an LLC to use for making investments, could I deduct the purchase of real estate from my regular income? For instance, let's say I make $200,000 a year f...

Is there one website/location that would allow me to review/look through all the various Mortage Note Funds/opportunities?  If so could someone please provide me with that information?  Thank you.

Hey guys,  we often talk about the tax benefits of owning real estate.  Do these benefits extend beyond the rental income?  Could somebody give me a laymen's overview of how this works?

Hello! My wife and I own a vacation beach rental property. With the market going crazy, we are evaluating selling the property (along with some other reasons). The area I am having trouble with are the capital gains t...

All 1031 experts!I sold a condo in 2006 and used a 1031 exchange to buy a townhouse.  This year we will sell the townhouse.  I'm having a hard time calculating the taxes owed.  Depending the taxes, we may just to anot...

Hi, this is my first time posting. I have a tax question. My husband and I got lucky with our first property. We bought a home for $120k with the contingency that the woman who lived there could stay (divorce, but the...

First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR fo...