Then there os a "De Minimus" deduction amount that you can do for $2,500.

**Maximize Deductions**: Use QuickBooks to tag and categorize your expenses correctly.

It wasn't worth having a claim on our insurance record, and the deductible was not close.  

But for the unit you’re living in, you can’t do that.2.50/50 Split: Since you’re splitting expenses down the middle, make sure you both agree on how that’s going to work, especially since your unit won’t be bringing in rent.3.Your Unit: You won’t get to write off depreciation or rental deductions for the unit you’re living in, but you might still get homeowner perks like mortgage interest deductions.4.Partnership Stuff: Just make sure you and your partner are on the same page about how you’re splitting costs, income, and who’s handling what.Might be worth chatting with a tax pro to make sure everything’s set up right.

Offsetting both interests, I will lower my interest paid out since it's more than my interest coming in. till I can refinance to a matchable interest rate.Investment Property interest is a tax-deductible expense.

I am interested in getting these loans to put solar in, taking the tax credit and deductions up front, and then paying back the loan over a 20 year period. 

Looking to turn the $150K to $250K in a 3 to 5 year hold while maximizing deductions.

If my AGI is over the $150k (not including husband's income) do we not qualify for tax write-offs/deductions?

These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.

These deductions were crucial in offsetting the property owner's taxable income, effectively reducing their tax liability.