All Forum Posts by: Anne Dahl

Thank you Ashish, 

We used the property as a vacation home for 8 years, including 2017, although it was more working on it than enjoying it at that point.  

I am horrible with tax language, but basically you are saying I can take the total spent to get it rental ready as a depreciation expense, right?  

Thank you for answering my question!

Anne

Hi all,

I have put my vacation house on VRBO/Airbnb and would like to know if I can deduct the work I put into it prior to renting?  We purchased a bunch of PAX units to store our belongings in 2016 and installed them early 2017.  In addition, we painted, cleaned, repaired (and bought a 4plex in the middle of it).  So as 2017 ended we have spent roughly 7K and rented the cabin less than 14 days this year.   We are off to a great start in 2018 with 22 days rented so far.  

As I understand it, we don't even need to declare the 10 days it was rented in 2017, but we would like to take these deductions if possible, to offset long-term rental earnings elsewhere.

I'm in the process of finally finding a CPA to help me, but thought I would ask here in case someone has an answer to my question.  Also, if you have a good CPA in the Oakland or general Bay Area, I'd love to have their contact info.  

Gratefully,

Anne

Thank you Michael and Basit.  

Hi All,

Unfortunately, I have a really hard time navigating this website.  Can anyone tell me if there is a place to find a tax accountant here?   I am in the SF Bay Area and have a SF, MF and a VR.   Recommendations welcome.

Thank you for you all for your replies.  It seems there isn't an easy choice, I'll have to do my homework.  Thank you @Oren K. for the list!

@Andrew Acuna  Thank you, I like excel too, but finance isn't my strong suit, so making a spreadsheet for this is beyond me.  Need to take some kind of class in finance to understand the math, but in the mean time I need someone else to do it for me. : )

Hi all,

I'm starting to expand from my one rental, to buying an additional 4plex and renting out our vacation home, so I will have six units total.  The vacation home will either have short term rentals or vacation rentals for now.  As far as accounting, I've been winging it with the one, but I'm going to continue to build so I need to have much better control and insight now.  My question is, with Quicken Rental Property only being for PC's, what software are people with Macs using?   I don't want the expense of an online software because I only have 6 units and $40 a month is excessive.  

Thanks!

Anne

Hi Rhea,

I'm wondering if you started this course yet and how it's going?  I'm about to purchase same course and just wanted to hear from someone who is currently taking it.  

Anne

I can't make this Friday, need a bit more notice. Still interested though 

Anne

Welcome Dan, lots to learn here!

Anne