22 June 2019 | 9 replies
If it would cost a certain amount of money and time to advertise and show new potential applicants, you can offer to deduct that amount from the tenant's full liability and see what the response is.Hope that all makes sense.
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23 June 2019 | 11 replies
I do see the plus sides of the property tax deductions and interest deductions,but I was wanting this to cash flow much better.
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25 June 2019 | 6 replies
I assumed you were talking about regular Social Security benefits.ROTH withdrawals are tax-free (if requirements are met) so should not affect taxable income or capital gains rate.Rental losses can potentially decrease taxable income if you can deduct them (income needs to be less than $100K/up to $25K of losses can be deducted).
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24 June 2019 | 6 replies
"From what I've been able to find, I understand that if I make a portion of the mortgage payment, I am entitled to a proportional portion of any personal deductions (e.g. the mortgage interest deduction)."
22 June 2019 | 3 replies
But you will face other problems because your interest rate deduction won't be available for duplex so consult CPA.I would rather cash out from duplex payoff HELOC and keep business separate.
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22 June 2019 | 0 replies
The property generated great monthly cash flow and yearly deductions.
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24 June 2019 | 11 replies
Deductible: This is not a coverage but rather your portion of a claim.
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24 June 2019 | 4 replies
They give the impression that if property tax is being levied...if it is a taxable PIN, then it must be a piece of property with value.
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23 June 2019 | 6 replies
All I had was passive income, and I cannot deduct it from the schedule E as it's not a rental expense.
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23 June 2019 | 1 reply
Took 2nd Mortgage out at beginning to Pay outstanding CC Bills Ect, Justified paying because Tax deductions on Mortgage.