Gregory Rubinstein
Dept of Social Services wants Payment
Is it legal for the Dept. of Social Services to demand payment on the basis that the deceased person was receiving public assistance? What can be done about it?
Chris Gallick
How much $ can I expect after claiming renovations?
Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...
Damian S.
Tax Treatment of Personal/Business Property After Spouse Passes
My grandmother recently received my grandfather's half interest in a 4- flat as the surviving spouse. One of the apartments had been used as their principal residence and continues to be used by my grandmother. The re...
Brandon Gale
VRBO Nightly Rate Discrepancy Error
Curious if anyone else received this same email from VRBO today:"Subject: Vrbo property rate discrepancy error – action requiredDear Partner,We're reaching out to let you know that we recently discovered a technical e...
Andrew Katz
What year do I count income for?
My tenant paid a portion of their rent for December on 12/31/24 (late). I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?
Adam Bradley
BRRRR - How long until I can ReFi?
I am looking to purchase a house for $50k that is worth $70k for cash. I understand that banks like a property to "season" for a year before they will refinance.What I do not understand is if this applies to:1. If you...
Sophia N.
Section 8 Investing
Hi, I am considering investing in section 8 as a LL catering to tenants with vouchers and want to know the pros and cons. It seems like a great opportunity to make high returns with limited risk, but there has to be a...
Garen T.
Zillow: Visibility Algorithm or normal activity. Also, Bankruptcy
Hi all,Is there anyone who understands the visibility that Zillow will show your property? I listed two rentals on zillow about 2 weeks ago. In the 1st day, I received about 50 queries on one of them, and 5 on the oth...
Jason Harkless
1099-Misc for Section 8 rent collected
So, my first year receiving 1099s for rental property and the local housing authority issued me a 1099, while the 1099 my PM issued including ALL rent $ they received, effectively meaning the IRS thinks I made more th...
Eamonn McElroy
SALT Limitation - Taxable Refunds
Hello BP Nation,Today the Treasury issued authoritative guidance via Revenue Ruling 2019-11 on the taxability of state and local tax refunds from which a deduction may have been limited due to the $10,000 state and lo...