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29 March 2024 | 32 replies
In general, travel for business(education, networking) is deductible if you are already in a trade or business(I.E. have a rental, flip).There are unique rules to deduct foreign travel costs.attendees may have a more difficult time writing off the cost of the trip if they add significant vacation days(no business) before or after the trip.However, you can plan properly to make the trip 100% deductible.
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1 April 2024 | 60 replies
You can invest in real estate passively as well and still reap the benefits of ownership like depreciation deductions on your taxes.
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29 March 2024 | 4 replies
Any deductions (including mortgage tax, insurance etc.) added there was split accordingly and corresponding amount was shown under rental deductibles.
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29 March 2024 | 1 reply
However, after depreciation and other deductions, foreign investors usually end up paying an effective tax rate of 20% or less.Capital gain tax: Upon the sale of the property, foreign investors will pay capital gain taxes on the gain of the property (Capital gains = selling price - cost - selling expenses).
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27 March 2024 | 11 replies
The home office deduction is ripe for an audit.
28 March 2024 | 2 replies
I am including an itemized list of repairs next page.Thanks,Dear [Tenant],This letter is regarding your security deposit of $X for the property located at [address] for the lease period of Jan 2023 - 2024.I am deducting $X from the security deposit for charges listed in the Resident Responsible Charges document.
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1 April 2024 | 39 replies
but its maps like these and deductive reasoning to make these purchases..
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28 March 2024 | 34 replies
The money the business pays you in salary is a deductible expense.
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30 March 2024 | 18 replies
Deductable expense.I'm waiting to get a copy of the signed and filed final Judgment -- this is the court document that says what the case was about, how it proceeded, what the arguments were, and what the judge finally decided.
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28 March 2024 | 3 replies
On my 2021 return I didn't make take any deductions related to the property.