DL Martin
commercial truck insurance in Cincinnati
Hi;I have a 2000 Ford E350 17' box truck that I use as a mobile supply house/tool storage center. The truck is driven less than 5,000 miles per year and is located in Cincinnati, Ohio. The insurance policy is up for ...
Max Wallach
Selling one rental/investment property and refinancing another
Quick question about the tax implications for selling a rental property and refinancing another. I am in the process of selling one property where I am going to have income subject to taxes. At the same time I am in...
Danish New
Fix and flip question
Hello everyone,
I have a quick question:
What if you are a full time employee (W-2) and have done a couple of flips under an LLC and incur a losses in the current year. Could you deduct those losses against your W-...
Cameron Stevens
S-Corp, LLC and Educational Expenses
Does it make sense to own a property in an S-Corp (I already have one set up)? Would it be worth it to set up an LLC in order to deduct business expenses associated with RE (education, travel, office supplies, etc)?--...
Lorie Alexandria
Funding Reno's with an LOC
Can I pay for the renovations (using the BRRRR method) using my line of credit or is this something I should save for or finance with the mortgage? THX
Jeffrey Kreisberg
Bonus Depreciation on Pset Ztime Rental
I bought a home on Cape Cod that is rented out half the year and occupied by me the other half. Am I entitled to the tax benefits of bonus depreciation?
Nicholas Farrand
Tax Write-Off: My Hours Spent?
Can I write-off my time at $x/hour?
I found my own tenants, instead of a property management company, and I've been taking care of most maintenance. It seems like my time should cost something too. Is that an option?
Warren Rosanoff
NYS Security Deposit
I have a question regarding security deposits in New York State. Does each tenant require a separate interest bearing bank account or can multiple tenants' security be deposited into one account and whose tax id# shou...
Steve Shigenaga
help finding reasonable insurance for my rental units in California
My rental properties in San Bernardino county are being quoted insane insurance rates. Last year I paid 5500. My carrier is no longer insuring in CA. The cheapest quote my broker could find is 12,500. She tried CI...
Doreen M ODonovan
Warning: Turbo Tax Bug
I am using Turbo Tax Home & Business and found a bug that is verified by other users on the forum. It is not entering home interest on schedule A unless you go to the Tax & Int Wks form and check "No" for the ...