As a new landlord, I wanted to ask the veterans on tax deductions for expenses I incur on the rental property.things like: Bathroom Remodeling expenses made by me.. (or by contractor), plumbing expenses for unclogging...

This is my first year filing taxes as a home owner since my wife and I bought our first duplex in 2018. We owner occupy one of the units and rent out the other. I've been reading a lot about how to deduct all of our e...

Hello I am new here and looking for advice.  Couple of the syndication deals I had invested in passively and have been foreclosed on by the lender. I have lost 100% of the investment amount. I was wondering if there a...

I went down a rabbit hole after putting up a post about tax deductions for a SFH, and I realized that many of us have the wrong idea about house hacking and allowable deductions. This is simply a PSA on the misinforma...

Hi Bigger Pockets Fam, Tax Time is upon us, and this will be my first year filing with a real estate portfolio. I baught 2 properties using financing, and used a HELOC on my primary residence to come up with the down ...

Hi, I make less than $100k from my w2 job and did a cost segregation study on my property. My understanding is that I can deduct up to $25k from my w2 income. Does that mean I can’t take the standard deduction?

Did you know there are multiple career and finance tax deductions that you may be overlooking? Here’s a list of some great tax deductions to tax advantage of!

Lifetime learning credit - This credit allows you to ta...

During tenant move-out inspection, I noticed wall art stickers and crayon marks on several walls, doors and cabinets. Couple of blinds were broken. Also tenants left several items behind and did not arrange to clean u...

Hello,

Our first tenant is moving out early next week and I have had a chance to walk the property and have noted several damages. I have scheduled a contractor come assess how much the repairs would cost but wante...

Hello! We purchased and started renting out a short term rental in 2019. There was about a period of 1-2 months that we worked on getting the house fixed up and furnished prior to listing aka the pre-revenue stage. I'...