I'd estimate 12-15% of the sales price as you'll have to back out land value and then you'll get closer to 20% of actual home as a deduction (assuming 100% bonus depreciation which the jury is still out on that being extended. 2.

It just means your future deductions will be smaller.

This ultimately factors into your reserve assessment and your deductible selection.

And it is tax deductible.

Pay Plastiq at the beginning of the period, it doesn't come due on your CC until the end of the period and most CCs have 30 days to pay your statement..Technically, the 2.5% is a financing fee is tax deductible under most situations.Downsides to the whole thing.The way I do it (not through the fund and grow business cards) is that it hits my personal credit.

I’m also not sure if I can deduct the remodel expenses from my taxes w/o the 1099.

tax deductions?

If you donate them to a 501(c)(3) charitable organization, you can get a tax deduction equal to the current fair market value of property, no matter what your parents paid and no matter whether title has been quieted or not.  

If you are going to go heavy into real estate investing, there are many ways to defer taxes, so losing the personal residence deduction may not be an issue.

Can I pro rate the week and deduct this from his deposit?