Without doing anything illegal i would like some crafty advice on incorporating losses incurred on the failed acquisition of another property, into my expenses for 2021.Background: I have only one rental property whic...

Hi there,This is a question about tax deductions and qualifying income.Last year I qualified for the foreign-earned income deduction (FEID), a deduction that allows me to deduct about $100k from my taxable income beca...

Anyone has any suggestions on what in general are the categories for expenses/deductions a land lord can use?

The tax deadline is just around the corner and you want to be sure you don’t miss out on the Home Office Deduction! While you may not see a huge tax deduction like you would with cost segregation, energy credits, bonu...

I just purchased a house by the beach that will be a STR.  I am in the process of renovating, but I am doing so from out of state, and for various reasons I might not generate an income from the property this year.  C...

I'm considering investing in a short-term rental with my sister.  I currently have 4 mortgages in my name.  In order to avoid any lending issues with a 5th mortgage, my sister is considering getting the mortgage in he...

I often run into this situation where a handyman job exceeds $600 and therefore necessitates giving them a 1099. However, these people are not too excited to receive a 1099. Complicating matters further, if you hire a...

New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...

I am interested in getting  a Biggerpockets Pro Membership, but I'm wondering if I would be able to deduct it as a real estate business expense. I currently have one rental. Does anyone know if this is possible?

Just bought my first property. It is needing a few things such as new dishwasher, minor roof repair, minor electrical work, and new toilets. I read that I can write off up to 5k in startup costs, but have also read th...