Could I do itemized deduction on a schedule E as an individual?

What are we legally required to prorate/deduct in rent considering it is their only shower and will not have one for 3 days?

Since the market pre-May 2022 just is not comparable anymore I am interested in anyone who has done this in CFL from around May 2022 onward successfully and how it went.The goal would be to aquire a STR that would cash flow itself, or at worst break even and also use that to maximize deductions to lower W2 federal income tax.

Talk to your insurance provider (and shop around) and ask how the rates would change if you increased the deductible. 

Even just a box store H&R Block type of professional if you don’t already use one to help maximize your deductions and write-offs from the real estate.

When you replace it, you deduct this $8k.Tax professionals who know the fine details of these issues are not cheap.

Hi I just went in to contract on my first fix & flip in Scranton Pennsylvania, and I am looking for straragies how to avoid paying big taxes for the capital gains, (beside of deducting of the expances).I heard that if I am buying a property through an LLC and then I am selling the LLC not only the house that could help, but I am not sure how to do it or it's really working, could someone with  experience help?  

Or somehow deducting from deposits the constant AC repair costs?

She did pay for some of the damage and insurance covered some as well less the deductible which the tenant paid.

Since you're a cash basis taxpayer, I think the rule is that you can deduct the full amount.