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6 December 2024 | 10 replies
Any expenses you put in to renovation or repairs are not deductible, but must be capitalized after the property is in service.
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6 December 2024 | 12 replies
You operate a trade/business - then you have all deductions AND an obligation to issue 1099sB.
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13 December 2024 | 35 replies
An expense is relax deductible.
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14 January 2025 | 329 replies
Can we as landlords stick together and deduct all the non pay rents from our property tax?
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12 December 2024 | 6 replies
They analyze components such as cash flow, principal paydown, appreciation (both home and renovation), initial equity, depreciation, and interest deductions for tax savings, giving you a clear picture of individual gains and ROI over 30 years.
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9 December 2024 | 23 replies
I was told I can pay $3k to remove the part of the tree that's hanging over the garage (in addition to the $3k deductible I'm already paying) or I can take the next door neighbor to civil court because the tree over the garage is actually dangerous to the tenant who lives there.
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7 December 2024 | 7 replies
Also, not all labor is immediately deductible.
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10 December 2024 | 6 replies
Aside from filing a police report, your insurance should cover your damages less the deductible, and will abrogate damages against their renter's insurance if they have it.
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9 December 2024 | 5 replies
Our portion out-of-pocket was the $3K deductible.
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20 December 2024 | 27 replies
@Saika Maeda Permitting the ADU allows you to claim depreciation, operating expenses, and other tax deductions, potentially reducing your taxable rental income.