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Updated 29 days ago on . Most recent reply

Matthew Mclean's profile image
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Matthew Mclean
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Matthew Mclean
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House Hacking

First time Rental homeowner doing taxes

Matthew Mclean
Posted

Hi everyone! I bought a house this year and I’m worried doing taxes. Where do y’all start? I obviously want to pay the lowest taxes over time. How do you write things off? Where do I start?

Bend, Oregon
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Basit Siddiqi
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
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  • New York, NY
Replied

Most things in relation to the rental are deductible - Mortgage Interest, Taxes, Insurance, Repairs, etc

If you are unsure of what is deductible, you may want to consider working with an accountant.

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