Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...

Hi all!I had a pointed question related to the home office deduction. I am a real estate agent (licensed in May), an attorney with a full-time job separate from my real estate business, and an investor with several pr...

I have been considering getting my CPM (Certified Property Manager) designation both since my day job is in Property Management and I moonlight managing my own property investments.  The program is approx $6000 to com...

I'm an active investor, but I don't qualify as a professional REI.  I'm trying to understand what types of business related expenses I can deduct.  I have created an LLC that I will be using to buy my investment prope...

ok trying to figure out the limitations on the up to 25,000 loss on rental properties.  So let’s say married and over 150,000 in annual income.  Does that automatically mean I can’t take a lose at all and any loses ro...

This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...

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...

Can you claim the home office deduction if you don't have a business license? We have one rental property that we manage ourselves. We currently don't have our license. We do use our home office exclusively to work on...

Hey there,    So I own a piece of land in the Czech Republic, which I am designing a home to be built on, but it's not as quick of a process as you may think.  My question is, can I write off my travel expenses for me...

Here's my situation.  I've currently only have two SFH, but plan to add a couple more this year.  I've essentially only been doing this for a year, and things have been accumulating such as mowers, snowblowers, floori...