Hi,
Any thoughts on filing Form 2106 as part of California Form CA540 line 19 “Unreimbursed employee expenses” for WFH expenses? WFH means utilities, internet, phone which I use towards office work when working from ...

HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...

If im living in one home, applying to move to a second one, how will the VA apply my income if I intend to rent out the first home after I move out of it? do they require a lease showing a tenant will move in and then...

The parents of a young couple are purchasing a home for them. They applied for a loan and are approved however, because they already own a home and are not planning on selling it, it is considered an investment pro...

BP community,I'm looking for advice on how tax year timing affects my ability to take bonus depreciation and/or "expense" some of my capital improvements.I purchased a duplex that needed a lot of work in 2021. I start...

With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?

It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...

Did you know there are multiple career and finance tax deductions that you may be overlooking? Here’s a list of some great tax deductions to tax advantage of!

Lifetime learning credit - This credit allows you to ta...

I've been reading threads... but getting confused.  As a high W2 earner I am looking to apply the bonus depreciation in 2023 (my spouse will meet the 100 hour requirement).  I'm considering buying 1 STR and 1 LTR.  Th...

DPP ranch investments offer potential tax advantages, including depreciation deductions, deductible operating expenses, eligibility for 1031 exchanges, agricultural tax benefits, the ability to offset passive activity...