I was wondering if an early pay rent discount is considered a loss/expense for taxes. If the market rent is $600 and I give a discount for paying on time, say $25. I collect $575 from tenant if they pay early. Can I s...

Is the instillation of a radon system characterized as an improvement for tax purposes or would it fall into another category?  Thanks for your input in advance.

My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...

My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level. Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over. STR cannot....

I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...

In real estate there are plenty transfers with a promise to repay later.
However, to take an interest deduction under the IRC, it would be wise to remember that all deductions are created by the will of Congress. The...

Currently, my unit is being turned over (painted, repaired) from tenants who lived there for 5 years. I will be having my contractor itemize the following costs for repairs to deduct from their security deposit of $22...

Currently, my unit is being turned over (painted, repaired) from tenants who lived there for 5 years.I will be having my contractor itemize the following costs for repairs to deduct from their security deposit of $220...

How do you properly deduct travel expenses when you are in a LLC?

I couldn't find information on this in the forum or online, but heard about it on one of the BP podcasts. How do I deduct mileage expense while I'm searching for my next property? Does it matter whether or not I have ...