if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?

I am a house flipper. Was a Realtor then switched to primarily house flipping because I am better at it and pays more for me personally. 26 year old (almost 27) single guy. I own a house in Hyde park Cincinnati which ...

I am very much new to real estate investing. I have a ton of questions and haven't found google to be of very much use outside of pointing me to these forums.  I have been browsing the posts and listening to the podca...

Hi everyone! I'm looking to buy my first rental property this year or next in Florida and I recently attended a workshop on how to save on taxes using short term rental properties by a tax strategist named Karlton Den...

So I am in the process of buying a 2 family property. I will be living there and renting out the other unit. Now I know that putting a property into an LLC is generally touted as the best way to protect yourself, ho...

I have an agent that brought a Foreign Investor to our management firm. I am not familiar with the tax rules on this. She withheld 30% of his income, he is stating since he has a US bank account that we should not wit...

I am in search of a NY based tax accountant / strategist to build a relationship with moving forward. I'm interested in kicking things off with my 2021 taxes and then moving into real estate strategy and future years ...

Hi All,We have a prospective tenant who says they are self-employed but don't have any tax returns for the past 3 years. They have not filed a tax return since their CPA died (Reason they gave me for not paying taxes)...

Hi. I’m looking for a CPA/tax pro referral, or someone in the BP community, that’s familiar with RE rentals/flips. I’m in NJ. 1 sale, 5 rental units, 2 purchases, spouse W2 income. Looking to balance; tax relief and i...

I’m prepping all my documents to file taxes. I purchased my first 4plex in 2020 and have been collecting rent. Any suggestions, tips, questions I should I ask my accountant when filing? This is my first year filing no...