
5 November 2018 | 6 replies
Therefore, you can deduct items that are directly related(repairs) to the rental units plus items paid indirectly for the rental units(think real estate taxes, interest, insurance).in addition - it looks like you are looking to use parts of the personal residence as a home office.Just note that, it would be hard to prove that you use 100% of the personal residence as a home office.

13 December 2018 | 4 replies
They’re pretty standard in terms of deductibles and coverages — so I’m not sure what I should be looking out for in order to choose.

5 November 2018 | 9 replies
Also just adding HELOC debt for personal use is no longer deductible.

16 November 2018 | 2 replies
Lastly, there are often hidden "special assessments" that the board can levy which will gnaw away at your cash flow.

10 November 2018 | 4 replies
.), ] age building (year of the most recent updates to roof, electric, plumbing, heat can help on old buildings), limit for the value of the building, whether it is Replacement Cost or Actual Cash Value (RC vs ACV), size of the deductible, claims history of the property, etc.You should get an individual quote for the most accurate rate.

13 July 2019 | 6 replies
You can deduct tenant-caused damages from the security deposit, but you can't deduct wear and tear or stuff that just breaks.

13 November 2018 | 7 replies
I have had a Self Directed IRA for about 5 years that has just been rotting...zero interest and a 3 digit account maintenance fee deduction every year by the holder.

18 November 2018 | 22 replies
Charity and business only go together as a tax deduction.

22 November 2018 | 4 replies
Would I be able to deduct the cost of those upgrades from my rental income if I make those purchase in 2018 and while the property is still my primary residence?

13 November 2018 | 6 replies
@Crickett RickenbacherLandlords can't deduct their own labor.