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Updated almost 10 years ago,

User Stats

83
Posts
19
Votes
Greg Baker
  • Rochester, NY
19
Votes |
83
Posts

Questions about tax write off's with a rental property

Greg Baker
  • Rochester, NY
Posted

We recently closed on our first rental property and I'm trying to keep everything organized for our tax professional next January.  Which of the following can be written off?  

1. Pre-purchase - Home inspection and appraisal fee?

2. Closing costs - Lender origination charges, credit report, flood cert, interest, escrows, bank attorney fee, title insurance, record deed, record mortgage, mortgage tax, private attorney fee

3. I'm paying for some minor rehab, can the materials, mileage to home depot, and the cost of the laborers/tradesmen be written off?  

Thanks,

Greg

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