Good morning, Board.

I have a question about the tax deduction from spending on investment property. Last year I was able to deduct cost of tools and supplies used for renovation of my investment properties. ...

Can't take the credit, was searching for tips on tax breaks for Landlords and happened upon this link - http://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497.html

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I got these from our tax prep guy.....

Crazy Tax Deductions that the IRS Allowed:

1. Parents put their child in clarinet lessons and argued that it would correct the child’s overbite. The IRS agreed and allowed them...

I've done some reading and google searching and I can't seem to find an answer for this.Simple example, two scenarios:1.) I go to lowes and buy $100 worth of tax deductible items for my rental property. I report that ...

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 ...