Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...

Nothing stresses out a host more than short-term rental taxes.A deduction is an expense you spend on your short-term rental business that can lower your taxable income. This is a good thing! The more deductions you re...

I have read sources/watched videos, etc. regarding reporting rental income on your Schedule C vs. Schedule E.  Each source comments on why one may be better or the other.  Frankly, it seems like depending upon the sou...

I am planning to transfer my IRA into a solo 401k so I can invest in real estate.I am planning to use my 1099 income to fund it on a regular basis.Do I need to file a different tax form where I would pay medicare and ...

Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...

I am sure this is a pretty basic question with a straight-forward answer, but I have thought about it too much and gotten myself confused by my own thoughts.

When purchasing a rental property, it has been standard f...

We are closing on a property on Pigeon Forge, TN which will be used as a short term rental. The total use of property will be for <7 days on average, however we will not be providing substantial services to the gue...

As its that time of year (in the USA at least), i found this (among many) good summary about when you have to pay self employment tax or not. Generally if you average 7 or fewer nights or 8-30 nights and provide "subs...

Hi,I am looking for an experience CPA from around the Middlesex County (aka Massachusetts License) to help me fills for my 2014 Tax. If you know of a good once, please contact me.I highly appreciate it, and thank you ...

I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...