
9 January 2025 | 46 replies
He says he will go back and add my deductions (they didn't input them, somehow also my fault??).

9 January 2025 | 16 replies
Many times I would take an aggressive stance on certain deductions and wanted to clear them with him as he ultimately signed off on the return.

2 January 2025 | 0 replies
He’s also interested in staying in the home if possible and deduct the rent from the balance he owes.

14 January 2025 | 27 replies
They are mocking these up with interest only loans and factoring back in the tax deduction as if you qualified for the tax benefits of a real estate professional and factoring in the diminished first year property tax (since its not a full year).
31 December 2024 | 8 replies
Unless you are itemizing your tax return, the interest on the primary is not tax deductible.

30 December 2024 | 5 replies
Fridge - I could purchase the new door and deduct.

8 January 2025 | 29 replies
As far as flying (tax deductible too) You can do that and if it's in the states the total trip shouldn't cost you more than $2000 all in with lodging.

8 January 2025 | 15 replies
Use STR-specific insurance to protect both parties and automate operations with platforms like Airbnb, TurnoverBnB, and PriceLabs.Taxable income from the STR must be reported, but you can deduct related expenses like cleaning, utilities, and furnishings.

2 January 2025 | 6 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

25 January 2025 | 155 replies
First of all, I was told I can count the money I spent on the course as startup costs for my business and deduct that from my taxes and PCS told me start up previsions are 100% deductible.