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Updated about 5 years ago on . Most recent reply

Damon Riley's profile image
Damon Riley's profile image
Damon Riley
  • Rental Property Investor
  • from Granite Bay, CA
  • Member since Jan 18, 2019
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Damon Riley's profile image
Damon Riley's profile image
Damon Riley
  • Rental Property Investor
  • from Granite Bay, CA
  • Member since Jan 18, 2019
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Damon Riley
  • Rental Property Investor
  • Granite Bay, CA
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New Member Introductions

Tax Deductions Year Rental Property is Purchased

Damon Riley
  • Rental Property Investor
  • Granite Bay, CA
Posted

Newbie here...Purchased two single-family properties (turnkey) with cash late this year and both are now rented.  Other than the HUD1, what else do I need to keep for my CPA to prepare taxes?  Are any charges/fees/inspections/appraisals, etc. deductible for the IRS/Schedule E....other than property taxes, insurance?  Looking for a checklist so I know what to printout and record....

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