We own rental properties in the state of Arkansas. We travel to Texas for real estate education. Our mileage was 300 miles each way. We paid $70 for each ticket. $150 ticket total, plus one day of travel expenses. The...

just did my 2018 taxes and I have to pay uncle sam this year about $3300. when I ask if I should buy rental properties I was told because my wife and I make to much that most of the rental income would be a wash.so le...

I purchased some properties in 2020 and was wondering what is deductible from closing? Inspections? Appraisals? Fees from lender? Legal fees? Escrow payment? loan origination? anything else? 

Thanks
JOHN

I just started reading the savvy real estate investor tax strategy book and my first immediate question is when can I start making these deductions? Do I need to have at least one investment real estate property? Can ...

I’m building a STR that should be complete in March. Can I buy the furniture this year and expense it even though the property is not finished?

I am putting $50,000 down on a property I am using for a business expansion.  How do I deduct this payment as closing in after the first of the year?

Hello,

I am pretty new to BP and I am doing my best to study as much as I can to get ready to invest in the near future. I currently own and live in a condo in Los Angeles, Sherman Oaks specifically, and it looks li...

Hi BPers,I bought a used printer and laptop for my rental business. Can I deduct the expenses when do tax? Since I bought them through garage sale, I dont have receipts. Is this doable? What do I need as for proof?Man...

I recently bought a fourplex that needs some work done to it. This work involves hauling large materials such as lumber, drywall, and much more to the property. Unfortunately I cannot fit these materials into my small...

Hello BP,First rental property- single fam not in llc.Can you advise what I will be able write off this year for taxes?Thanks