From what I understand, you can deduct the entire premium as it is an expense to run the rental property. With prices going up so much, if this lowers your cashflow too much, I feel like you may not look profitable in...

Hi everyone, question around tax deductions for investment properties. We purchased our first investment property last year and just met with our accountant to file our taxes. He informed us we cannot deduct any of ...

Hello BP Community,  I unfortunately have some flood damage on one of my rental houses due to Hurricane Harvey and is not covered by flood insurance (Yes, I understand this was not a great business move on my part, bu...

Hi everyone, Upon signing up I remembered hearing somewhere that a membership to BiggerPockets is tax deductable because it is business related. Any truth to this?

Hi BPers,@Joshua Smith and I both recently bought properties and had to pay off tenants with cash for keys agreements. To me, it seems like one could argue that this is a property expense and could be deducted as an e...

Bought my first SF rental in 2017. Was excited to begin doing my taxes and deduct all my expenses I spent in re-hab, travel, etc. Turbo tax is indicating that if you make over $150k then rental deductions are not allo...

Last year I filed my taxes as single, and owned a rental that returned a loss. I was able to deduct the losses on my taxes.This year, I am married. The same property once again has a loss. If we file jointly, it seems...

Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...

This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...

Can schedule E rental real estate income qualify as pass through income for 2018? My other IRS 1040 income sources are only interest/dividends, retirement income, & cap gains. No wage income.