I currently own a rental property that profits at least 15K after all deductions. I also own a rental property in cash under an LLC that profits very little on paper. I also have a primary residence with nearly a JUMB...

Hello I’m looking for any suggestions for someone that deals with taxes for home owners/rental property in the DFW area. In the past my boyfriend and I have gone to places like H&R Block but are looking for someo...

Hello I just have a question I ant seem to find the answer to. Can an agent with a fulltime job that is currently providing a way of living in another non related industry have any tax breaks from his realtor business...

Hello guys,
Considering making moves to achieve REPS.

I have read the rules quoted from the IRS sites that come up on almost every internet post I have found relating to this subject.
Having trouble figuring out ...

My wife and I bought a home in Virginia June 2017.We had intentions of living there for several years. We had moved to a suburb of Richmond from Texas for a "dream job." offered by a friend who had a start up business...

I am renting a home in Kansas. I recently found out about a job relocation, I quickly spoke to the property management company to see if they could find a new tenant. They found someone to rent the home very quickl...

You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...

Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000.  I'm hopeful a CPA on here or more experience...

HELLO BP FAMILY!

I COMPLETED MY SECOUND FIX AND FLIP FOUR MONTHS AGO, BUT AFTER NOT SELLING AFTER TWO MONTHS I DECIDED TO RENT. MY TENANT LOST THEIR JOB IN THE FIRST MONTH, AND I HAD TO EVICT THEM. I PURCHASED THE ...

Hey,My investing partner and I have reached an agreement where he would have the debt under his name and apply for it individually, and I would do the majority of the management (he is out of state and my income is ha...