I have seen on this website answers both ways regarding this (the site administrator saying leave it in Sch A, and his colleague (also a enrolled agent) advising that it can be written off in Sch E, but that there are certain restrictions mainly -- you must have passive activity gains where the deductions are covered (no passive activity loss carry over allowed.

I'd appreciate any insight you gained on that piece of the puzzle.

What are the specifics regarding capital gains deductions that are state specific to Oklahoma?

The speaker was very knowledge and was a valuable workshop.

They are gaining the trust of the homeowner by pretending to be an expert in their field and falsifying the info into their advantage so they can make money.  

I was thinking I was going to wait until 2018 to see what the actual loss or gain was from the insurance payout minus the repair costs and claim it then (Kind of like you would with a flip...claim all expenses in the year you sold it not in the year it was incurred).

I am looking to buy a multi-family here in Japan with a partner - He is a US citizen who is bringing some valuable connections and resources and I am providing access to financing.What we are thinking of doing is starting a Gōdō gaisha and then I will get a loan for the property based on my salary and residency status and then transfer the property into our company. 

Thank you for the valuable insight today.

This is all so much valuable information.

As I will continue to utilize BP to gain knowledge and make solid connections, I'm optimistic with finding and completing my first deal.