Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
btn_google_dark_normal_ios Created with Sketch.
Continue with Google
Continue with Apple
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
General Real Estate Investing
BiggerPockets Exclusive PRO Area
PRO
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
Commercial Real Estate Investing
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Mobile Home Park Investing
Innovative Strategies
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Creative Real Estate Financing
Personal Finance
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Matthew Mclean's profile image
Matthew Mclean's profile image
Matthew Mclean
  • Member since Jan 2, 2024

User Stats

10
Posts
2
Votes
Matthew Mclean's profile image
Matthew Mclean's profile image
Matthew Mclean
  • Member since Jan 2, 2024
Matthew Mclean
2
Votes |
10
Posts
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
1 Vote
Follow
8 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Basit Siddiqi's profile image
Basit Siddiqi's profile image
Basit Siddiqi
  • Accountant
  • from New York, NY
  • Member since Sep 27, 2015

User Stats

8,724
Posts
3,989
Votes
Basit Siddiqi's profile image
Basit Siddiqi's profile image
Basit Siddiqi
  • Accountant
  • from New York, NY
  • Member since Sep 27, 2015
Basit Siddiqi
  • Accountant
  • New York, NY
3,989
Votes |
8,724
Posts
Basit Siddiqi
  • Accountant
  • 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.

business profile image
Basit Siddiqi CPA
4.9 stars
79 Reviews

Contact us

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

1 Vote
Log In or Sign Up to Reply
Sort By:

Loading replies...