Question for you all in this community, can you deduct interest paid out of HELOC, which the funds were used to buy a rental property? It is my understanding under the new law, HELOC interests are not deductible for a...
l am trying to learn more about tax information and determine exactly which expenses are deductible and which aren’t. Specifically, fences, gutters, landscaping, to make the property more competitive for rent.
Also, ...
i am working on my taxes And this is the first year I will get to claim rental expenses. So I am just wondering what items you all are able to claim
Hi, I'm new to real estate investing. I was wondering if I form an LLC to use for making investments, could I deduct the purchase of real estate from my regular income? For instance, let's say I make $200,000 a year f...
Hello everyone, Ever since the new tax laws went into place where you have to be uber rich in order to write off your mortgage interest. I've been trying to think of ways to move my mortgage to my investment propertie...
I was wondering if you folks are deducting mileage expenses from driving to and from your rentals, for the purpose of showing the property, placing tenants, and doing repairs. To clarify, this is not with a business '...
I've had this question in my head for a while and figured I'd finally ask it. Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel...
Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...
Hello BP Family! I didnt really plan getting into Real Estate or investing. Bought my first house and had to move due to work. I currently have renters and was thinking what should I prepping for taxes this year?
Th...
I purchased my 4plex several months ago and plan to buy more in the beginning of the year, is it wise to leave it under my name or should I create an LLC/S Corp ? I am looking for the best way to pay less taxes and be...