To take expense deductions for 2020 on a new property being used as a b/b such as appliances, furniture etc, does the receipt need to be dated in 2020 or can it be dated up until filing deadline of 4/15/2021?

My husband and I recently purchased our first investment rental property. This was done in our names. We also started an LLC and have been operating the business to manage the property.Any insight on the following que...

I make about 120k a year and looking to rent a nice condo for about 2000 a month. My score is 620 and is low because of my current debt levels. I have several credit cards with balances but I will have 2 paid off next...

Hey folks, I'm interested to hear how people prefer to store their cash (i.e.; cash that they need to have very quick access to).As we all know, most methods of keeping cash (e.g.; savings accounts) are getting hit wi...

Any recommendations for a good property management software for a small 10 unit portfolio in Chicago? Need something that has basic accounting functionality to track income and expenses, ability to produce reports, an...

So taxes and planning are finally getting outside my abilities I think.  We currently have:
W2 income with 401k  & live in CA 
Slow Live in flip in CA that will  done in about a year 
Sole Proprietorship in CA-...

Hello all, 
I am in the process of selling an investment property and I'm trying to avoid getting slammed on the income taxes. Does anyone have any recommendations for a good CPA in the Middlesex/Union/Somerset Count...

Hello All
I am a real estate agent in Atlanta. I have an LLC for my real estate business so when I make transactions, my commissions are deposited in my LLC instead of my personal account. Recently I have decided to ...

Hi BP,I have a quick question about using google voice. Does using a google voice number affect your phone bill?  I have found mixed answers from my research so far.Thanks,Arin

So my tax accountant filed my 2015 real estate LLC tax return as a C-corp rather than with the S-corp election.  This has brought any new bank loans for refinancing or acquistion to a screeching halt.  Looking for inf...