Adrian Ruark
Advice on keeping or renting my condo
24 July 2018 | 4 replies
Many parts of Queens are still appreciating so there could be some upside to hanging on, but interest rate hikes and the limit on SALT deductions will have a negative impact on housing prices (it's already started to in Manhattan).
Colby Mulry
Investing with someone for tax benefits?
24 July 2018 | 9 replies
So in summary, there are options for you to pass some of the tax deductions to your partner however they must meet certain rules and you will need certain language or a signature to agree on said allocations/terms.
Caleb Clay
How do people manage their bank accounts, spreadsheets etc.
26 July 2018 | 8 replies
You have to pay for new versions periodically but that expense is deductible as an expense.
Tyson Dierschke
Ready to go (possible deal); A little guidance please.
26 July 2018 | 11 replies
Rental income is passive income, plus you have all kind of deductions and paper depreciation.5.
James Moore
Tenant v. Cat Pee Smell v. Landlord
2 August 2018 | 11 replies
He is not permitted to charge for his time.Once you see the contractors fees you know what your landlord can legally deduct from your deposit.
Susan Clark
tenant trouble not sure about liability
25 July 2018 | 4 replies
You should not be subject to a deductible.
Shaune Faust
Tenant eviction and taxes
30 July 2018 | 4 replies
You can deduct legal fees and repairs, but not lost rent.
Diego A.
Do I need to create a LLC (or other company) to manage my rentals
27 July 2018 | 2 replies
You can deduct the cost of that recipt book for example, whether you have an LLC or not.
Account Closed
Free rent or discount for law enforcement
29 July 2018 | 8 replies
If you want to give back make a tax deductable donaton.
Lawrence Kaplan
Renting and eventual sale to family at below market rate
31 July 2018 | 10 replies
We have been declaring the rent as income on our taxes, and taking a deduction for the real estate taxes on Schedule A.