Good Morning All,My wife and I have finally purchased our first duplex and moved into one of the units. I am currently in the process of obtaining a green card, as my wife petitioned for me. In the meantime, I am stil...

I have a co-worker who did a deed in lieu on a rental property and subsequently received a 1099 for the difference between what the bank sold it for and what she owed on it, which was 144K. In order to avoid huge ta...

Hi Folks,Let's say I have a primary that I bought in 2000 and I started renting it out in 2010. Question: - is the depreciation calculation is started from 2000 or 2010 ?- let's say by 2020, I want to change the metho...

Hey Everyone,Anyone from the Brockton area who has a good understanding of the market? I'm mostly looking for which neighborhoods, or parts of Brockton are worth looking into and what areas you would avoid investing i...

Hello BP folks,I've been working with an accountant for years for both my personal accounting and business accounting.  He does a great job however I am really in the need for an accountant with creativity and constan...

I am in AZ and my county charges a non-refundable, non-interest bearing $10 fee per lien.  I am curious how you guys deal with that when it comes time to paying income tax?  Do you deduct it somewhere?

Hi, I have a scenario I am hoping someone can assist me with for mileage deductions.I live at Property A. I work at Corporation B (primary job and unrelated to real estate). All my mileage is typically showing clients...

I currently own two rental properties. I've owned one for 10 years and the other for 15 years. I want to begin investing seriously and I'm trying to get myself in the best position possible to start. Listening to a ...

Looking for some feedback from tax experts. I'm asking this on behalf of a client. Client and a partner own an S-corporation. Client told me that they never took a salary from the corporation and simply take dividend ...

Hopefully I'm posting this in the right area.  I currently own some land. This land is in my name.  I have one mobile home lot which I rent.  It is a cash basis.  I am prepping this property for another unit which I w...