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Results (10,000+)
Dave Luu Rental Property tax (F1040 Schedule E and F8582)
31 March 2024 | 1 reply
But on F8582, I already deduct the net income in the unallowed loss calculation (carry over loss for that property becomes -$30K+$2k=-$28k) on Part V and VII and VIII.
Samuel Metcalf PMI for the life of the loan? No options?
1 April 2024 | 7 replies
You also benefited from the tax deduction that includes PMI and per your own statement, it's been a great experience until you looked at a recent statement that reminded you of what you once knew but forgot from long ago.Do the math.
Kristen Haynes How To Avoid Capital Gains Taxes On Your Personal Home Sale
31 March 2024 | 4 replies
“If an individual is part of a high-deductible health care plan, making a contribution into their health savings account would also reduce taxable income.”Donation to a Qualified Charitable OrganizationCharitably inclined individuals might consider donating cash or appreciated property to a qualified charitable organization, potentially providing a tax deduction to help offset that tax year’s taxable income.
Justin Strait Anderson Business Advisors
2 April 2024 | 27 replies
SEP IRA wasn't deducted, Real Estate Professional status was not applied, and Cost Segregation wasn't consider for the year 2022. 
Rene Bee security cameras for rental
1 April 2024 | 11 replies
Two incidents of thefts from my rehabs was a no-brainer to get the WI/FI which is nominal to me calling the police, informing the insurance company only to be told (whatever) wasn't covered, and of course my deductible is $1000. 
Michael Moreno Seeking Tax Advice for Beginner Real Estate Investor
30 March 2024 | 9 replies
Quote from @Michael Plaks: There are many CPAs here and many investors who think they are CPAs.The key issue to understand is: you cannot create any tax losses from renting rooms in your house.So if I rent out one of my rooms at say $600 a month ($7200 a year), I cannot deduct more than $7200 in expenses? 
Aryan Strauss Evicted for smoking off property?
1 April 2024 | 11 replies
They could also retaliate by taking unfair deductions from your security deposit.
David Travieso Tenants need to Vacate for a few day while maintenance is being done.
30 March 2024 | 12 replies
Or have them pay the rent as normal then deduct it from the hotels bill on the next months rent? 
Tom Server Property managent payment
30 March 2024 | 5 replies
This should explain how the PM is paid, along with many other important policies.The PM usually collects the rent, deducts their fee, and then pays you the remainder by a certain day of each month.
Simon Chang How much to deduct for damage to bath vanity drawer (MDF)?
29 March 2024 | 5 replies

Tenant did not maintain bath vanity and it sustained irreparable water damage.Unfortunately the vender does not sell the drawer face individually, but only sells the entire vanity. Should I guesstimate how much a draw...