My rental properties need your help

[Hermanie Pierre]

I have a few properties and I have a couple questions

My properties that are free and clear my cpa deduct Taxes, & insurance only for the year I had no expenses.

For the one I have a mortgage. He deduct my interest, insurance , depreciation & taxes

Is there anything else we can deduct.

For example if my mortgage is 1048 and I pay 1400 ( meaning I pay extra payments ) can we deduct all that from my payment I received from my tenants which is ( 1450 minus 10% management fees) Or just interest, insurance, depreciation and taxes.

I am trying to see if all I can maximize. I respect the fact we not cpa but any advice will be appreciated.

[Greg Scott]

Why wasn't he deducting depreciation on your free & clear properties?   Have you owned them more than 27.5 years?

If you have kept good records, you should be able to deduct all kinds of things relative to running your business.  For example, mileage expense driving to check on your properties should be deductible.

I've found that a good CPA actually saves me more than they cost. I'd encourage you to interview some new ones.