I am negotiating a deal with the sellers agent to have him represent me (buyer) to purchase a home.  Normally I'd hire my own agent, but due to the craziness of the market I need an inside edge.  The commissions split...

At what point can a business deduct a reimbursed expense: On the date incurred or on the date reimbursed?ExampleI use my personal credit card to pay for some business expenses at the end of 2019. The business reimburs...

I am in the process of having a tenant move out of one of my 2 families in Eastern Massachusetts.  He asked to be reimbursed for the remaining oil that he had paid to put in the tank.   I don't believe I have any obli...

I have spent hours looking for anything that will give me an idea of how much is paid out for different things during flood clean up and remodeling. I know how it works as far as the process so I’m good there and how ...

Taxes: Where to manually input a Utility Reimbursement that my Property Manager put in Box 3 (other income) of the 1099-Misc? I’m using TaxAct btw.

Friend of mine has a rental that just became vancant. Tenants trashed the place. He has been fixing it up himself because he couldn't find anyone available to do the work. The tenants were trust fund babies so everyth...

My property does not have blinds on windows and ceiling skylights. Tenant had two walkthroughs of the property, conducted a move in checklist without mentioning the lack of blinds as an issue, and signed the lease (an...

I wanted to get some perspective from other peoples experience. I have my first rental and my tenants called saying that they had an insane electric bill (approx $800). Due to the weather, I imagined it was most likel...

Re: the travel mileage deductible expense, does the entity reimburse the owner?i.e. I have a multimember LLC taxed as a partnership.For one trip using my personal vehicle for the purpose of renovating one unit at an a...

I have a great tenant who's an electrician. Recently, I had one of my wall heaters go out and he offered to replace it, I accepted. He ended up replacing all the wall heaters in the unit because as he put it, "they we...