You do need to have everything that is charged for itemized and  send that letter showing deductions within the time frame required by your state.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

That will allow you to buy another home as a primary and reap the benefits of the increased passive income & deductions.

The company will automatically deduct the money from my account within 10 days or offer payment plans.

NOI represents the property's income after operating expenses but before debt service (mortgage payments) and income taxes.Evaluate Cash Flow: Deduct the mortgage payment (principal and interest) from the NOI to determine the property's net cash flow.

Also the last 2 year we used them , we need to recheck the draft as there're always mistakes either the deductible number or my company spelling!. 

Depending on amount of damage vs deductible it may be worth or not worth itAlso if it’s vacant and was under renovation they may say you were Donny major repairs which is builders risk and may not cover it.

As a partner in the LLC, you and your wife will receive a K-1 form from the partnership, detailing your share of the income, deductions, credits, etc., for the tax year.

On #1, I would be getting 20% down payment which is well north of the 250k deduction.

You can deduct taxes on the interest that you have paid on your mortgage in Mexico.Cons: 1.