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 ...

I am wondering what happens if the expenses towards a rental property exceed the amount you get in rental income, what happens that that excess dollar amount? I am currently house hacking (living in one unit of a dupl...

Hello Bp. Does anyone know if the mortgage interest deduction works towards w-2 taxes or is it geared more towards business owners?

I'm moving to a new primary residence and turning my original residence into a rental. Can I deduct my moving expenses on next year's tax? The movers would be clearing out the old residents (my family) and prepping th...

Hi,Tax question. I currently own 19 units in 7 different properties. All of the properties are held in my name personally, not in an LLC or partnership. I am a heavily leveraged individual, which is way I haven't yet ...

I’m preparing my end of the year taxes and wanted some advice. Can I not deduct or depreciate maintenance or remodel/upgrade costs to the unit I am living in. I am nearing the end of year one as I purchased December 3...