Clinton Davis
Tax prep software question
I own 2 rentals in my name and have a w2 job as well. is there a online tax site that anyone recommends (ie TurboTax etc)? The place I normally went to before my rentals doesn't handle real estate related tax prep. ...
Steve Sun
Looking for a place to buy and hold SFRs!
Hi BP Community,I'm looking for a good area to buy and hold SFR properties, here's my criteria:The area is growing: jobs are being created within the region, people are moving in, multiple employers in the area;Landlo...
MIchael McCUe
Hard to separate what’s needed from what I’ve learned, pleas confirm hear thanks
Judicial,Collateral,Unsecured,Secured,Seller,Syndication ~ confirmed
Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins" ~ confirmed ROI unknown tho…
Tax attorney(Roth,Judicial, Sophistication) "1...
Greg C
write off tractor?
question ,,, if i buy a tractor to scrape weeds in the yards of my rental houses,, for tax es how is the deduction applied since it will be used equally for all my houses? :D
Account Closed
Borrow money from a related party
Hi everyone,I am planning to buy my rental property using money I borrow from my mom. I was wondering what is the tax treatment for that. Can I count the interest I pay to my mom as mortgage interest and get deduction...
Mark Updegraff
business leasing single family residential, please help
Hi All,
I know a business owner that would like to lease a single family residence from my company to house new employees that are relocating from out of state.
If he deducts the cost of the lease as a busines...
Kamau Blount
Accountant for real estate investors?
Does anyone know of a good accountant that deals with real estate investors? I am just getting started and looking for someone that can help me with setting up and managing my business entities (LLC, Corp, etc.) as we...
Scarlett Herbert
S Corp and Renting Rooms
Currently house hacking! 2 of our rooms are being rented out while we live in the master. I’ve found with research you can make this a business, specifically an S Corp. Has anyone done this before and if so, how?
Paul Allen
Recent Tax Court Memo on Claiming "Real Estate Professional"
http://www.ustaxcourt.gov/UstcInOp/OpinionViewer.aspx?ID=11184Lots of interesting things in this TC Memo:Despite being employed as a stock broker, the Petitioner (Patricia Windham) was able to prove that she was a rea...
Paige Roberts
Tenants moving out due to roaches
My tenants called today informing me they are breaking their lease and moving out. They moved in around February of this year. I had the rental professional sprayed before move in. A 3 or so weeks after they told m...