Is Home Warranty-investment rental deductible on Tax return? Can you deduct previous yrs if you did not deduct them before?

I started an LLC partnership two years ago for rental real estate investing. The LLC currently holds two properties, one of which has been put into service. The properties obviously have their specific income and expe...

Simple question: Can I pay my wife to clean a rental property instead of hiring a cleaning company and claim it as a tax deduction, or is that unethical/illegal?

General question, that I think I know the answer to, but want to confirm. Situation: I have an LLC which I plan to use as a rental business. I plan to qualify as a business and meet the criteria for the home office de...

Hello all,

I wanted to get some opinions on this, was at a meetup tonight playing cashflow game with others and I mentioned to someone how I've had such difficulties after loan 5, that I was thinking of buying my pro...

My husband and I recently closed on our first investment property which we plan to fix up and then rent out. My question is: if we redeem our personal credit card points for Lowe’s / home dept gift cards to go towards...

Hello BP!I tried searching old posts on this topic and couldn't find a question similar enough to mine. I currently own one rental unit that I manage myself and I'm wondering if I should be able to do a home office de...

I'm using a CPA for the first time since 2017 was my first year having a rental property. He's my parents' CPA and they have one rental. He told me I can't take any home office deduction (I'm interested in the "simpli...

Can I deduct a utilty trailer off taxes. I paid 600 for it. I own 3 rental properties

FYI to all my STL investors who own a home with less than 20% equity and paid PMI in 2021, here's a quick reminder that a portion of your MI premium is tax deductible if your annual gross income for 2021 is at or less...