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Updated about 3 years ago,

User Stats

4
Posts
1
Votes
Leon Meytin
  • CT
1
Votes |
4
Posts

Tax deductions short-term rentals

Leon Meytin
  • CT
Posted

Hello all, had a few questions regarding short term rental deductions

1)For those doing short-term rentals, do you typically get the 20% Pass through deduction, and if so, how?

2)Do most repairs (not large capital improvements) count? and if so, does it lower your total AGI or only affect taxes paid on money earned from the rental property?

3)For most short term rentals, is the PMI, home owner insurance, property taxes deductible?

Thank you in advance, 

Leon

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