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Updated about 8 years ago,
Income Tax Time for Landlords!
Looking forward to input on this. I would like to know exactly what is and what isn't a business expense at tax time (for an investment property) when it comes to the fees at time of purchase. These are the obvious: origination fee, appraisal, commission to agent, title insurance, building insurance, taxes and utility prorated amounts. What about the credit report, due diligence compliance report, flood certification, property search, wire fee, tax certification, all the miscellaneous fees associated with the title insurance , recording fees, transfer tax?
Thanks in advance, Korie