Hi
I am considering expense for a small vacation condo which I plan to rent out most of the time. In such a scenario does the condo expense be shown in the expense category while filing tax. I would appreciate any fe...

hello all , I have question tthats I has a rental house in Vegas in my name , but I will soon sell it and 1031 to bigger property in texas. The question is how can I change it to llc and still be able do 1031 ? Tha...

We need to fill out From 3115 as depreciation was not claimed for five years on our property.  Besides having a CPA do our entire taxes is there assistance with just this form anyone knows of?

I closed on a sub-ground condo less than a month ago. Last week I found a damp area in one of the bedroom closets. I’m anticipating that it may be due to a crack in the complex’s foundation, since it is localized to a...

Hello BP members, I'm a 'Buy and Hold' RE investor with several rental properties in Las Vegas and Southern California. In 2020, I bought my last SFR rental property in SoCal. As part of repairing the place for tenant...

I’m selling a property held in a single entity LLC and want to 1031 into a vacation rental. I am looking at DSCR loans for the new property but not sure what kind of loans are allowed in a 1031. Is seller finance allo...

Hello, my husband and I had a previous rental property in our name that was never put into an LLC, that we eventually flipped for quite a profit. We then used those funds in a 1031 exchange to acquire 3 more propertie...

What is meant by “passive activity loss” for a real estate professional? I am currently 37% tax bracket and all passive activity losses are void for me (IRS form 8582).However, it states that “unless the taxpayer is a...

Can my IRA or 401k buy and sell cars and toys?

I'm selling my lot at a huge loss but can I also take my years of property taxes and HOA dues, mello Roos fees, architectural plans etc. etc. etc. ? I have a large gain on a condo against which the losses would be useful