
14 May 2019 | 41 replies
Finally, among other remedies, a T has a process to repair and deduct.

16 May 2019 | 6 replies
I haven’t seen anything in regards to a way to finance this investment in your education, but you may be able to deduct some of these expenses from your taxes after the fact once you become a Realtor.

13 May 2019 | 1 reply
Our tenants either do payroll deduction from their paycheck or deposit directly into our bank.Just keep in mind you'll need to have an EIN, LLC articles, and an operating agreement to open a business account...banking laws...Good luck

17 May 2019 | 58 replies
Your PITI would be around 2600, based on 4% interest rate.If your rents are 3400 a month, the numbers work as follows:Income: 40,000PITI: 31,200Cashflow: 8,800Tax liabilityIncome: 40,000Interest: 17,472Prop Tax: 6,800Insurance: 1000 Depreciation: 14,500Tax Deductions: 39,772Net Tax Liability: $228.00So, you can basically put $8,800 in your pocket every year and pay no tax on it.

13 May 2019 | 6 replies
You don't have to refi a vehicle into an LLC to take proper deductions for it.

14 May 2019 | 7 replies
If they didn't clean up you can deduct the cost from their deposit.

15 May 2019 | 10 replies
From my understanding, mortgage principal payments are not deductible for tax purposes.

14 May 2019 | 1 reply
Hello,Can I use part of my room as home office for rental property for tax deduction I heard you can use a halfway that is dedicated for home is all this true?
16 May 2019 | 2 replies
Or, yes, at least provided you with the receipt that the charge was higher than what had been in the lease.I don't automatically provide prior tenants with receipts for deductions to their security deposit.

20 May 2019 | 14 replies
If so before or after mortgage is deducted?