It deducted from rent collected, when it’s collected....

Do you make a donation to the Trust, is that tax deductible to YOU, likely not, but it will be for the Trust. 

If the interest cost is below negative 1% you would be effectively be getting a 1% annual principal deduction just for meeting your monthly payment obligation.As far fees go.

The problem with ACV is that, on a partial loss, the claim, under an ACV basis, has a deduction for depreciation.

 find a house close by with the same lay out ,then deduct for work needing to be done.If no luck keep going out tell you have a comp that works .

Hi Michael, one idea that I have not done, but tried before is that you can lease the property for X amount, then you can negotiate taxes and insurance with your brother for him to deduct them as a rental then you can sub lease the property.

@Ben Gabin maybe the 20% business tax deduction.

If not that unit will be considered used for personal use and vacation house(limitation on expense deduction ) rule will kick in once you rent it out. 

Yes, all ox business   are deductible but some capital expenses are depreciated over several years. 

Use the cost of the repairs to deduct the price negotiated.