Deductable expense.I'm waiting to get a copy of the signed and filed final Judgment -- this is the court document that says what the case was about, how it proceeded, what the arguments were, and what the judge finally decided.

If you click it, it does a pull out and talks about how it works and allows you to do the settings.

Plus a Tax Accountant can be invited to it and they would be able to look at all the details.I set my clients up with a Box account, it is free for the first 10 GB, and allows them to scan receipts into the folder, sign pdfs from it, and other various document tasks to make it easy for them. 

On my 2021 return I didn't make take any deductions related to the property.

An example would be a $1M purchase with a $250k deduction (at 60% for 2024) results in a $150k deduction.

We informed them ahead of signing of the breeds we don’t allow. 

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

This is allowed once per 12 months per taxpayer.   

Some deductions allowed by the USA will not be allowed by another country.

The max Uncle Sam allows is 50k if you haven't taken a TSP loan in the last year.I've seen both good and bad experiences with this but at the end of the day it's no different from any other type of loan, you are just your own bank in a sense.The downside or risk is that you lose your job, your property isn't cash flowing, are unable to pay back the loan, and your retirement account suffers since the loan essentially turns into a withdrawal.The upside or best case is you have the loan for less than a year, your BRRRR pays off the loan, and you pay yourself interest 5% interest.The opportunity cost is if the stock market goes up 20% and you were only paying yourself 5% interest you'll miss out on the excess returns.