For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...

Hi everyone,First, thanks for reading my post, and for all the information here on BP!  Wow!  I have a PA home I'm currently using as my personal residence, traditional bank financing, >20% equity, that I've been i...

Need insurance on an owner occupied 4 unit property. I am very confused on what coverages I need. I have received quotes with yearly premiums ranging from $1600 - $4500. Each quote that I have received is structured d...

Hello BPers,I have a question about the sale of my primary home that has been rented for the last year. I lived in the home for 2 years and it was my primary home. Had to move out of state due to work. I was not able ...

I've been having some issues with some of the insurance quotes I've gotten on my properties lately. One one unit (a SFH), I have a fairly low deductible ($1000) but the monthly premium has gone up 20% in 2 years and n...

OK, probably NEVER a "quick" question and answer concerning tax, $, etc. But I will try to make it simple. What is the simplest way to compensate one member (of a 2 member-mamged 50/50 LLC that has a couple rentals) f...

If a property has used all depreciation, What is the next move one should consider?  Sell and do a 1031 Exchange?

Hi Experts, need a advice, I am excited to have finally shortlisted a applicant on my first property but they will not be moving till June 1st, I am thinking of collecting a hold deposit but not sure how it works in T...

Can you take rental income from a rental property and put it in a solo 401k and therefore delay the taxes on the rental income?

IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes.  In essence, the forgiven funds are taxable, in direct conflict with the Cares Act.  Congr...