We own rental properties in the state of Arkansas. We travel to Texas for real estate education. Our mileage was 300 miles each way. We paid $70 for each ticket. $150 ticket total, plus one day of travel expenses. The...

There are lots of articles explaining the rules for home office deduction.None of the apply to my situation because:a] I have no dedicated area.b] The desk, computer, etc are also used for personal use.Those things wo...

We own rental properties in the state of Arkansas. We travel to Texas for real estate education. Our mileage was 300 miles each way. We paid $70 for each ticket. $150 ticket total, plus one day of travel expenses. The...

just did my 2018 taxes and I have to pay uncle sam this year about $3300. when I ask if I should buy rental properties I was told because my wife and I make to much that most of the rental income would be a wash.so le...

I purchased some properties in 2020 and was wondering what is deductible from closing? Inspections? Appraisals? Fees from lender? Legal fees? Escrow payment? loan origination? anything else? 

Thanks
JOHN

Good afternoon BP community, I’m looking for a good property insurance company that offers a high deductible discount in Florida. Thx for any suggestions

I just started reading the savvy real estate investor tax strategy book and my first immediate question is when can I start making these deductions? Do I need to have at least one investment real estate property? Can ...

I’m building a STR that should be complete in March. Can I buy the furniture this year and expense it even though the property is not finished?

I am putting $50,000 down on a property I am using for a business expansion.  How do I deduct this payment as closing in after the first of the year?

I put $50,000 down on a property that I am buying through the owner.  The closing is in January.  How can I deduct this on my taxes?