What are the requirements for education deductions for the state of Pennsylvania? I am not talking about an actual college education. I am referring to an online film industry seminar that I chose to participate in. T...

Is the cost of my own personal labor on property that I own a valid deduction?

I had a bid from a mold remediation for $4000 but opted to clean it all myself.

Thanks

I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:

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I'm working on my tax return and ran into difficulty. I bought a used skid steer in 2018 for use on my rental properties, cost $6000. I have three residential rental properties in service and one I am currently renova...

Hi All, I moved to a new home and rented the one I lived until now. I am making 2200 a month against 2700 costs (p&I, taxes, HOA etc). thats 6000 a year in losses. is there any way I can claim deductions for this ...

Hey BP, I recently bought a book titled “every landlords tax deduction guide“ from a local thrift store, after bringing it home I noticed the book is the 12th edition from 2016. Will the material in this book be outda...

Hey BP community, I’m trying not to lose my mind here. We had tenants for 3 years move out recently in Virginia. The place was really gross- mouse droppings, damaged and moldy drywall, a broken window, termite dam...

Im scrambling to do my taxes.

What deductions should i remember to make, or what little known deductions can i make as a wholesaler/investor?

When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.


Here...

I recently read Rich Weese's blog, which had a very interesting post about taxes being one of the greatest wealth eliminators. I completely agree with Rich, and thought some of his deductions were very creative. I thi...