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27 August 2024 | 8 replies
You CANNOT depreciate the house if it’s for personal use, ONLY if it’s a rental use.So I can still depreciate the house, write off items I buy to furnish the home, maintain the home, and any costs associated with running it as an AirBnB when I am not using it for personal use?
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27 August 2024 | 9 replies
How are you paying for everyday items without a consistent income?
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27 August 2024 | 7 replies
However, you can still claim the mortgage interest and property taxes for your personal use if you itemize deductions.
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27 August 2024 | 13 replies
I run into many of the same items as an Land use Engineer.
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25 August 2024 | 23 replies
A lot of newer investors get hung up on the items you mentioned.
30 August 2024 | 30 replies
But there is that item #2!!!
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30 August 2024 | 29 replies
Additionally, charitable donations might offer a tax deduction if you itemize.
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27 August 2024 | 10 replies
I took the name and address off, but you can see the line items and charges as listed above.
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26 August 2024 | 13 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
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25 August 2024 | 7 replies
In my financial statement to the tenant concerning the deposit I itemized all the deductions.