We have a single-family residence we own and have lived in for a number of years.

Investment Info:Single-family residence buy & hold investment.

The deadline to file for properties purchased in 2024 is January 31, 2025 for the benefit to roll forward this year..Other Important ConsiderationsThe exemption doesn’t apply to agricultural property, personal residences, or property assessed by the South Carolina Department of Revenue.Even if you missed the initial deadline, you might still qualify for partial benefits in future yearsHow to Apply for the ATI ExemptionApplying for the ATI exemption is a straightforward process, but it’s essential to act quickly and provide the necessary documentation.

The service providers RTR referred me to were happy to work with me even though I don’t have a US residence.

I have two questions regarding mortgage interest tax deductions.First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment.

Investment Info:Single-family residence fix & flip investment.

But for the last 3-4 years local residents have decided it was cheaper to just take the groceries. 

I have one rental property now that was our old primary residence that is finally cash flowing and I have about $100,000 equity in that property.

Since you and your partner are unmarried and own a primary residence together, tax treatment of deductions (e.g., mortgage interest and property taxes) requires careful allocation.

Quote from @Collin Hays: Quote from @Jay Hinrichs: Quote from @Jay Hurst: Quote from @Collin Hays: I reside in Amarillo, Texas.