This year I replaced two HVAC systems. I know this is tax deductible, but I'm wondering if I would claim the entire deduction on my 2022 taxes or is this something I spread out over a few years?

Hi Everyone,Would things like an electrical bill I pay for common areas and the water bill which I pay fully be tax deductible or are those just regular expenses?Much appreciated,Art

My tenant lived in my rental unit for 4 years. When they moved out, I was surprised how much work I had to do. I had 3 different long term tenants in this unit over last 13 years, never had any issues. Please help me ...

Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!2️⃣ Property Tax Deduction: Clai...

Hi all, I'm thinking about trying to take the home office deduction next year for tax returns, but am not sure if I would qualify. Can anyone tell me, is there a minimum amount of hours you need to use a room for busi...

Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!2️⃣ Property Tax Deduction: Clai...

I purchased a house back in 2008 as a owner occupied, and spend about $50,000 for remodeling on it same time. From 2011 I converted this house to a rental investment house and stared to collect rent on it until now. S...

Hello all, I am starting a rental arbitrage business shortly. I have a question regarding if I can use BPcon as a tax deduction for my business. I would love if a CPA could reach out to me on this post or by direct me...

Im about to close in on my first investment property, a large Single family home . For the landlord insurance, builder finance have given their quote of 1800/yr premium with 2500$ as deductible. I checked with State f...

I'd like to use funds from a home equity line of credit to purchase notes.  As I understand current tax rules, I would not be able to deduct interest I pay against my personal residence.  Is there another way I can de...