After just going through my 2013 taxes and now looking ahead to 2014 I have a question about repair vs improvement in the eyes of the IRS. At what point does a repair become an improvement?

I know that if yo...

Hi All and thanks for your input!My husband and I have a 4-plex in NH, which we bought in 2017 and have been fully renting out. We're selling our nearby primary home and downsizing to prepare for retirement by moving ...

I self-prepare my annual tax returns and have a tax scenario/question regarding the allocation of Property Taxes and Carry Expenses for land.In 2022, I purchased a vacant parcel of land that is zoned for multi-family ...

Gary Keller gives some good advice in his book, Flip. His summarized guidance is:

"Prior to making an offer, analyze the property and make an improvement plan. Base your level of finish (basic, standard, desi...

After I bought a property, I had to replace the water heater right away as the old one was rusty and leaking. Of course I could not rent the property out without water heater being functional. Is it operating expense ...

My wife owned a property before we got married and then moved into my property when we married.  Her property is occupied by my mother in law and is now a second property.  If we sell her property, will the cost basis...

What’s up everyone! I’m looking into this duplex that previously burnt down and is now a new build. They were asking 500k for it, Now it’s down to 475k. I’m thinking of selling my house, (we’ll make a pretty good p...

Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...

Hi Everyone!This is my first non-introduction post, hoping this great community can help me out! I'm also new to real estate investing, so please give feedback and point out mistakes!I'm looking at a $70K SFH that ren...

I currently work full-time at a University and have a rental business.  I've been trying to think of ways to connect my worlds and bring 'education' to my low income tenants.  Some thoughts I've had:a) turn an attic i...