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I'm going to be managing my first property as soon as I can get an offer accepted. My plan is to buy a quad, owner occupy, and I'm going to skip the LLC because I don't see it really providing much in the way of bene...
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Hi there friends.I've purchased my first property late last year. My only income was months rent Dec. So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc. About $15k. I ...
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OK, this feels like a stupid question, but....
--do you run your rental investments as a business, and...
--therefore, do you deduct all your business expenses, such as your REIA membership, miles driving around ...
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I've recently had my accountant do my 2008 income taxes and I was surprised that he informed me that I could not take deductions for my real estate investment training that I purchased in 2008. A big one was the Rich...
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I am going to buy a house and currently plan on paying the downpayment with cash.
What I would like to do is after closing, take a cash advance from one of my credit cards to reimburse myself for the downpayment. Th...
Are the books and membership bought from either BiggerPockets or any other site considered tax deductible if you are using the books to help educate you to build your business or entity?
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Tax deductions ideas on my fourplex that I live in? Should I LLC this first fourplex?
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BP, I read somewhere that I could claim my real estate education as a tax deduction, but my tax accountant told me that is not true. (By my understanding ) - He said RE education can only be claimed if you are alread...
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I learned of this deduction at a real estate training. It may be common knowledge to you all, but I mentioned it to my accountant and she had never heard of it. Let me know what you think!Rather than using the "home-o...
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Is Home Warranty-investment rental deductible on Tax return? Can you deduct previous yrs if you did not deduct them before?