I'm at the point new where I need to figure out if I should pay up in taxes and pass on deductions to report up or just write down and go non-traditional.

Otherwise, you need to file a 1099 to that person for the principal amount so that you can deduct it from your taxes as an expense to balance out  LOLGood luck.

My properties are in coastal Florida, I understand expensive coverage but theirs includes a 25% wind deductible.  2.  

The billing cycle does not coincide with the tenant's move-out date. how do you deduct the tenant's share of water from their security deposit?

Hi @Lotta Rozenson,In some cases, taking a Section 179 deduction can end up giving you a bigger deduction than bonus depreciation, especially with bonus depreciation being reduced to 80% for 2023, as @Sean O'Keefe mentioned previously.

So your decision is: do I borrow the money at 6% (subsidized by the tax deduction, which work out to be more like 4.5~5%) to make that investment or do I pass?  

some investors pushing to get more tax deductions try this to decrease their tax liability that year. 

This will ensure deductions don't slip through the cracks.

The Tennessee Titans have a new quarterback, rookie Will Levis, who took over after an injury to starting quarterback Ryan Tannehill, and he has an interesting coffee routine: he puts mayonnaise in his coffee.

You pay it AFTER deducting all expenses related to that rental unit.