As the owner of a single rental property, I've been deducting rental losses every year, thanks to depreciation. I never thought much of it, because my W-2 income has always been well under the cap of $100,000 where it...
Hi All, I'm not sure if this is the right place to ask or not, but if anyone could shed any light on an issue I'm having while doing my tax returns for 2017 I'd greatly appreciate it. So the issue is, I have a duplex ...
So I am in another state where I just purchased a duplex on Monday. I drove here and have of course have saved my gas receipts. My question is, is everything on this trip a write off? I am solely here to do some work ...
I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...
In light of tax day tomorrow I’m curious what some of my military brethren have deducted from their taxes for their military job? Example: costs associated with buying uniform items. Anyone deducting uniform items? An...
[/b]Hello, I'm looking for advice on getting an accountant. I have always done my own taxes, and last year I had one rent house and decided to use an accountant after reviewing what Turbotax had to offer online. I e...
Hi BP Members!
I’m finally starting my real estate business idea and am looking for a tax person to give advice / work with.
My girlfriend and I focus on buying fixer-upper properties in Ohio to rehab them to hold l...
Looking for info on any potential tax benefits of STRs. What can be deducted? Is it more beneficial to have it structured under an LLC? Are there benefits if an ADU is used as a STR (I am in California)? I am aware pr...
Hi,I am a NY resident and own:-Owner occupied multi-family property in NY (Where I live)-2 Rental properties in the DC/Baltimore areaI commute to these properties every other month or so for maintenance, checking in n...
What does state law say about this?
Due to damages exceeding the security deposit all funds will be retained by Foundation Property Management, LLC. This does not exclude the resident from future obligations to pay t...