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Updated over 2 years ago,

Casey Young's profile image
Casey Young's profile image
Casey Young
  • Investor
  • from Milford, Indiana
  • Member since Nov 13, 2014
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User Stats

15
Posts
4
Votes
Casey Young's profile image
Casey Young's profile image
Casey Young
  • Investor
  • from Milford, Indiana
  • Member since Nov 13, 2014
Connect
Casey Young
  • Investor
  • Milford, IN
4
Votes |
15
Posts
Tax, SDIRAs & Cost Segregation

Tax questions for VRBO.

Casey Young
  • Investor
  • Milford, IN
Posted

Just finished rehab on our short term rental. 30k purchase, 100k rehab. We are expecting to make 50-60k a year on the rental. My Adjusted gross income is over 150k. Can anyone help explain what I'll be able to claim as a deduction? Nothing since I'm over 150? Only the profit minus expenses? Does it not make sense to rent since I make to much? I'm more then confused. Any help or advice is appreciated.

Thanks

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