Your kid might have to file a return if he is not right now 2) Your rental loss might be lost as your son will have no basis or at risk amount in the partnership to deduct the rental loss.

I deducted from his deposit for the month of August, but still hasn't paid for September and keeps saying that we'll work it out.

Rent is due in advance and in full on or before the 1st day of each month without deduction or set off.

We paid $30K, and the new one will be in the area of $60-65K.Are we entitled to deduct any depreciation or capital losses on our income taxes?

Their flat rate monthly service covers all materials and labor, wear and tear, tenant turnovers, repairs and replacement, preventative and comprehensive maintenance and home improvements,  Unlike home warranties, they don't charge any deductibles for repairs.Maintenance requests are reported by the tenant using their mobile video app or detected by IoT sensors from connected devices, and sent to the landlord or property manager for approval.

@Khemaro NuonYou can't pay yourself to manage your own properties and then deduct it later.

That's right, not only from 2018 onward.One important thing to note regarding foreign properties; although you can claim depreciation deductions, they are on what's called Alternative Depreciation System (ADS) for which properties are depreciated over 40 years as opposed to 39 or 27.5 years.

HSAs in combination with high-deductible health insurance plans should be available.

It is competitive out there and harder to find cash flowing properties than it was a few years ago.If you can, I would look to refi instead of taking a line because I believe there are some implications in the new tax code of HELOCs not being deductible. 

So once( and if) small claims court rules in my favor, I will contact their employers and set up a pay garnishment and have the money deducted on the monthly basis.