I'll have to poke around the H&R Block software to figure out where I'm supposed t report amortization.Regarding the deduction, do I take what the loan costs were, subtract what has already been depreciated in prior years, and then deduct it...where?

And if sold next year do I subtract my cost basis from net proceeds and this is what I am taxed at?

I mean I guess $7,800 is your gross, then your net would be whatever amount you subtract your costs on from that.I would think you should be able to get a 75/25 split at $4m in a small market like Staunton.

You subtract your income - your expenses each month. 

So let me get this straight, rather than deduct repairs from a security deposit, write on a piece of paper what the deductions were, do some simple subtraction, pay 0.01% interest on the deposit held, and settle this all within 45 days (we have 14 in AZ!)

But my experience is that they 'discount' my $1000 to $750 and THEN subtract my $500.  

That leaves $375.Subtract your mortgage, and you're at $100 before insurance and property taxes.You're not going to pocket a lot of money on this one, and it's going to take a while before you get your down payment back, but it's probably not the worst deal to start with. 

The Net Sale Price is computed by taking the Gross Sale Price of $230,000 and subtracting routine selling expenses such as real estate agent's commission, title fees, escrow closing fees or attorney closing fees, recording fees, documentary transfer taxes, 1031 Exchange fees, etc.

(c) Calculation Net Self-Sufficiency Rental Income is calculated by using the Appraiser’s estimate of fair market rent from all units, including the unit the Borrower chooses for occupancy, and subtracting the greater of the Appraiser’s estimate for vacancies and maintenance, or 25 percent of the fair market rent.  

You either add or subtract amounts in these accounts to show how funds are used.