All Forum Posts by: Kelly O'Keefe

The period you can begin to deduct expenses  starts when it was "placed in service" this means when it was listed as available for rent. Was the property vacant prior to October when she moved in?

If you are set on meeting in person then I would recommend @Nate Meeker

Hi @Ruben Garcia

There are 20+ Tax pros who specialize in real estate on BiggerPockets, we mostly work remotely. However, if you are looking for someone local there are few in CA and even LA who may be taking on clients. Is there anything specific you need help with?

Hi @Rachel Schuler

Welcome to the site! I am out by Pinehurst, and a big fan of NC! let me know if you need anything or find a few good real estate meetups in NC 

Awesome job Ken!

I know @Sean O'Keefe was active in real estate in that area and knows specifics for Nevada and CA. If you are willing to work remote I am sure there are many who can assist you from the forum. @Nate Meeker is a little further south but could also help if you need someone who knows real estate 

you can amend Three years back. Before amending I would ask how much of a return/credit you will receive vs. how much it will cost to amend. 

@Sam Tright

what do you mean when you say "staying on top of due dates?"

do you want the software to collect for you, or just track all of the information?  

So does this mean there is also investment potential in San Fransisco, because after losing the Super Bowl demand for housing will plummet?  

@Isaiah Cuellar

I think there are several strategies you could use. I would look into Cost Segregations, STR Loophole, Material Participation, and Active vs Passive Income. I think once you have a general idea of these topics you can start to understand how your income is being taxed and then develop a strategy to maximize your rental property.

However, without knowing a little bit more it is hard to give you a direct answer. So I will agree with @Account Closed and say "It depends"