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All Forum Posts by: Rob Horon

Rob Horon has started 1 posts and replied 6 times.

Thank you all and I appreciate the responses. Yes our PM asked to rent one of our homes. 

Curious what people think about renting one of your properties to your PM.  Is this okay, allowed, or does it set you up for conflicts of interest down the road?  Does anyone have any experience / stories with such a situation before?

It is frustrating that the deductibility of the failed inspection cost should depend on which CPA is handling my taxes.

Thank you, Nicholas.  I am currently "in business", as I have a few other rentals in service, even in the same city as said failed deal.  

Is there a specific section in the IRS code that addresses this topic?

Post: Inspection tax deductible?

Rob HoronPosted
  • Posts 6
  • Votes 0

My CPA says the inspection fee is not deductible if I didn't follow through with the rental purchase. Is my CPA mistaken? How can I convince them that it should be deductible?

My CPA says the inspection fee is not deductible if I didn't follow through with the purchase.  Is my CPA mistaken?  How can I convince them that it should be deductible?