HI, I own a part share of a nice recently renovated house in North London, with other members of my family owning the rest, left to me in my fathers estate, with probate granted in 1999, as a tenant in common.

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

He asked me the following:"I have a paid off rental house that I earn a good chunk of profit on in 2024. 

Not the entire 700k can be offset because of the 461 limitation.

It has been a rewarding journey and the transition from salaried employee to 100% commission was scary but has been rewarding and I have been able to surpass my highest W@ in coaching with my new role. 

As with most municipalities and jurisdictions, the evolution of the AirBnB market has spawned regulation and restrictions on where, when and how a STR can operate.

I am currently living out of state so I have hired a property management company to handle this task, however, my home is still sitting vacant with very few prospective tenants.

My realtor at ReMax said they still charge non-refundable pet fees which is states on their leases. 

@Henry Clark in step 1, what is the numerator of the ratio?

They only get paid 1% of the credit lines they get for you successfully.