In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...

Hey All,I currently own 3 properties, I live in one (while renting part of it out at the same time) and rent the other 2 completely. Based on what I read, an individual may only write off mortgage interest on up to tw...

Can you claim a home office if you have multiple rental properties but you do not qualify for a real estate professional status?My CPA said that the real estate activities for me are an investment and Not a business a...

So I am about to put the master bedroom (with bath) in my home (of 3 beds 2 baths) to Airbnb and I am confused about all the tax-related stuffs. Let's say my home is 1500sqf on a land of 6000sqf, and the whole master ...

Hello, I had a tenant just move out and had to do quite a bit of work to the property to get it rent ready again.  We gave the property to them in pristine condition.  They are contesting my deductions from their depo...

We moved out of our primary residence in Tennessee and relocated to South Carolina in July of 2016. We have spent about 7 months getting the home ready to become our first rental property. It has taken that long due t...

My understanding of the new IRS regulation to take effect Jan. 1, 2014, is that the "safe harbor for small taxpayers" regulation will allow qualifying taxpayers to avoid having to determine whether an expenditure ...

I am still alittle confused about the $5000.00 allowed "start up deductions". Maybe someone here has the answers:
This will be the first home that I will rent out. I just bought it as an REO and am waiting for escrow...

Hello,I just purchased my first property. It is 2200 sq ft, 4 beds 3 baths with a study that I am using for an office. I am renting out 3 bedrooms from $600-$800 each. I am wondering if this qualifies for a rental pro...

Hello,

I am working with an insurance broker to lower my insurance payments to increase my rental cashflow. I currently have a $1,000 deductable and considering raising it. How high do you folks have it? A...