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Updated about 11 years ago on . Most recent reply

User Stats

24
Posts
3
Votes
Glenn Lovelace
  • Baltimore, MD
3
Votes |
24
Posts

203K Tax Question

Glenn Lovelace
  • Baltimore, MD
Posted

Hi All,

I'm working through some of the specifics on a 203k loan and am having trouble finding an answer to my tax question. I'm still learning so maybe this is a dumb question. If I bought a 3 unit apartment building with a 203k loan that needs a total rehab, would I be able to write-off the improvements on my taxes as expenses even though they were financed through the 203k loan. I'm thinking in the way a new fridge for one of my units could be considered an expense. Thanks for any input on this.

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