Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

27
Posts
2
Votes
Chris Drury
  • Investor
  • Rockville, MD
2
Votes |
27
Posts

REI closing costs tax deductible?

Chris Drury
  • Investor
  • Rockville, MD
Posted

Traditionally some closing costs are tax deductible for primary residence. Does this include REI properties?

Most Popular Reply

User Stats

348
Posts
127
Votes
Jacob A.
  • Investor
  • Raleigh, NC
127
Votes |
348
Posts
Jacob A.
  • Investor
  • Raleigh, NC
Replied

@Ned Carey

@Chris Drury

As is the case in almost every tax situation, it depends. If we are talking rental property here some costs can be deducted as a current year rental expense like property taxes and prorated interest. Some costs should be amortized over the life of the loan such as points (origination fees, appraisal fees, etc). Some costs should be added to the basis of the property such as survey fees, attorney fees, stamps, etc. I'm sure you can find some good articles online discussing each line item on the HUD statement. Hope this helps.

Loading replies...