Hi guys,So my tenant just moved out of the place and wanted to get your feedback as far as what you all think is reasonable to deduct.Above are the pictures of damages caused by the tenant.Before Move-InDuringMove Out...

Say I buy a house with 13k delinquent property taxes. If I buy the house and then pay off the taxes can I deduct everything? Even if the taxes were from when I did not own the property?

After pinning the area that I wanted to buy property, I met a nice agent and ended up signing a document ("exclusive buyer agreement"). Few days went by and the goal of my agent and me wasn't aligned. Another friendly...

I've setup an S Corp for my business and am wondering you can help me identify what tax deductions I should assume at the employer/corporate level? FICA, State Income Tax. Is there anything else that I should account ...

Hello,
I recently listed my first Airbnb through a house-hack. As of today, we have 0 reviews, 9 days on the platform, have not received our first guests, and have $2,500 in bookings! That is a great feeling. Three s...

Hi All!
New investor here. After some reading about the different laws in different states for rental properties, I've noticed a trend of having to register your rental property to the city (or state?) and having to ...

Are hoa transfer fee for rental properties tax deductible?

I am probably going to file as a Real Estate Professional this year rather than try to get long term capital gains or even short term I’m flipping too many houses and believe I will be seen as in business and not doin...

Hello,My tenant got himself a treadmill without taking my permission and he lives right above my top floor and it’s been creating us a lot of my annoyance as he rides it during odd times. When the tenant vacates can ...

Hi BP world, for tax deductions, Nolo's Every Landlord’s Tax Deduction Guide has been my bible when it comes to what can be deducted and how for the rental business.  What other resources do you use for tax deduction...