Hello all, I bought a new truck for my business last year and claimed the entire purchase price as section 179 depreciation. I have a separate car for personal use so I'm currently using the truck 100% for the busines...

Greetings, I have seen questions about house hacking taxes before, but none that have answered this specific question: 

I am filling out the depreciation section of the Schedule E. 
The property is a four family, ...

Question so once you complete a flip or are collecting monthly rent, what percentage of money do you take out for your personal bills , groceries , gas , clothes , your wife's Pandora charms LOL ?

My income is mostly from rental property (single family) but I still do some residential construction (mostly remodeling).my pickup (07 Tundra has a transmission issue - for now just a check engine light) will need re...

Question regarding a property held in a irrevocable trust.Home value is $750K, owned outright by the trust - no mortgage.A family member lives in the house, no rent is charged.Meanwhile, the trust is paying for the ma...

We bought an STR using a 1031 but spent the first 6 months rehabbing before renting. We'd like to move in and understand to defer taxes must wait w years. Does this timeliness start from when it was rented and after r...

Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...

Hello!Wondering opinions on having our LLC own a vehicle vs. the LLC reimbursing  personally for mileage?

I got a HELOC on a rental property. The property was not used for personal purposes in 2019. I used 100% of the money for home improvements on my primary residence. Can I deduct the interest paid on the HELOC from my...