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All Forum Posts by: Andrew D Hansen

Andrew D Hansen has started 17 posts and replied 27 times.

Post: 2nd property (2nd home) not a rental regarding if closing costs are deductible

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2
Are all closing cost which includes Realtor's commission, title company closing cost, city tax and hos for condo fees all deductible? This was not a rental and pls be detailed in answer. Thank you.

Post: 2nd property (2nd home) not a rental regarding if closing costs are deductible

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

Are all closing cost which includes relators commission, title company closing cost, city tax and hoa for condo fees all deductible? This was not a rental and pls be detailed in answer. Thank you. 

Post: Sale of 2nd property not rental tax question

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2
Quote from @John Underwood:
Quote from @Andrew D Hansen:

Few more facts: I bought a condo and rented it to friend for 15 days then it did not work out. I did sell it owning it a total of 20 days. I paid 160k and sold it for $170k. I Did not invest any money in repairs. Question: is all my closing costs ( realators fee, county taxes, title company fees) deductable as far as Fed taxes regarding capital gains?



Post: Capital gains on 2nd property rented 15 days.

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

I bought a condo and rented it to friend for 15 days then it did not work out. I did sell it owning it a total of 20 days. I paid 160k and sold it for $170k. I Did not invest any money in repairs. Question: is all my closing costs ( realators fee, county taxes, title company fees) deductable as far as Fed taxes regarding capital gains?

Post: Sale of 2nd property not rental tax question

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

Can I deduct all closing costs that includes commission, county taxes, property taxes, title company fees?

Post: Sale of 2nd property not a rental question about capital gains

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

Can I deduct all closing costs that includes commission, county taxes, property taxes, title company fees.

Can I deduct a repair?  Ty

Post: 2nd property not a rental regarding repairs and deductions from

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

Ty can i deduct all cloing costs including property taxes? 

Post: 2nd property not a rental regarding repairs and deductions from

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

 On a 2nd property not a rental can I tax deduct repairs?   Also can I deduct all closing costs including  all property taxes paid? ? Pls be detailed in answer TY.    

Post: Depreciation recapture selling rental house

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

asking about if  state taxes are required in addition to fed

Post: Depreciation recapture selling rental house

Andrew D HansenPosted
  • Rental Property Investor
  • Mount Pleasant, WI
  • Posts 27
  • Votes 2

I am selling house rental. Do I have to pay depreciation recapture tax to state of Wi? If so what rate? I know I will pay Fed tax. I collected $2,000/yr total for 13 years. ty Andrew