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Updated about 3 years ago on . Most recent reply

User Stats

54
Posts
38
Votes
Jillyan MacMorris
  • Rental Property Investor
  • Chicago Suburbs, IL
38
Votes |
54
Posts

Tax Benefits on First Property?

Jillyan MacMorris
  • Rental Property Investor
  • Chicago Suburbs, IL
Posted

I purchased my first place in 2021, putting 5% down because I moved into the property. I plan to rent it out next year, but I wonder what write-offs I can take on a property that was not financed with investor financing. I've made a handful of improvements, but I've never done this before! I suppose it's just what regular homeowner would write off, but I don't know what that is. Would someone be willing to advise?

  • Jillyan MacMorris
  • Loading replies...