Do deductions for investment property (depreciation, property mgmt, mortgage interest, etc) only count against your rental income or can it also apply to personal (w2) income? I only have 1 investment property curren...

Hi, If you have to replace an appliance before you've fully depreciated it, do you deduct the balance and start depreciating its replacement?  (Washing machine died with 5 years left to depreciate.)  Thanks in advance...

Hello,  I was wondering if anyone had any insight on if expenses incurred in obtaining a vehicle for my real estate business would be tax deductible.Example:  I own property in Michigan and purchased a vehicle for $10...

I am planning to get my real estate license this summer. I also will have to purchase a vehicle around the same time. If I waited to purchase a vehicle until after I got my license, could I use it as a deduction by sa...

Hi, I understand there are certain tax deductions for short term rentals. I have a commercial space and am starting to do events through Peerspace, etc. Can I take advantage of the STR deductions or is it only for res...

I think I read somewhere that the interest paid on a HELOC balance over $100K is deductible if it is used to buy a second home. I know I need to talk to my accountant, but I'm sure someone here has some input.

I have 4 SFH's that are currently rented. my question is should I put my personal home under my business LLC and pay my loan thur that
so I could get the tax benefits and write off for any repairs. 
or would that be...

Hi, BPHow do we deduct a new laptop on the Schedule E form?
As you may know, each property has a separate column where we can deduct the property's expenses like: Mortgage Interest paid, Taxes and Repairs.
Under wh...

I am looking for ways to decrease my expenses. I am considering increasing my deductible for my Landlord insurance on a duplex. Currently it is $1000. Is this about average for other landlords? What do other rental pr...

Hello BP community!I live in California and plan to invest out of state.  To get started, I am planning to visit 2-3 cities for a day or two to learn more about the areas and view properties.My question is, since I'm ...