Home value 120k,Buyers offer 85k FIRMDilemma: Buyer does not have the needed down payment to secure financing for this cash flowing monster; Seller wants to liquidate with minimal tax.Solution: Seller agrees to donate, say, 15k, to the non-profit- Contingent on being able to sell above 100k.Buyer agrees to purchase for 100k, contingent on the non-profit being able to charitably gift the 10K needed needed to obtain conventional financing.That said, the seller has just gained a 15k tax deduction, and has 85k to 1031 into a "like kind" property.The buyer has gotten control of the property with a conventional 90k mortgage.The non-profit walks with 5k in the pocket to help the lives of many, and pay operating costs etc..It's your everyday WIN-WIN-WIN situation..

The Insurance that I had just signed up for a week before the A/C thefts pick up the replacement cost less the $500.00 deductible.

Every one of them is simply full of misinformation about HECMs [home equity conversion mortgage].FHA's HECM program was revamped in April 2015, so very little of what can be found on Bigger Pockets threads prior to that date about this loan is relevant today.Here's a good resource got reverse mortgage information. http://www.hecmworld.com/reverse-mortgage-news/heirs-dead-wrong-estate-planning-deduction

No one was hurt but the fire did some half-way serious damage, especially since the children's sitter tried to dump the burning grease down the sink.The insurance deductible is $500.Here's the question: My partner wants to charge the deductible against the tenant's security deposit.Anyone have any thoughts on this?

The great thing Josh has done as a pure courtesy is extended pro accounts to top donors, making your donation a tax deductible marketing expense.

I have four TV sets, all the cable channels offered including all the premium channels and four Tivo DVRs (Only one HD though...) but then... it is all tax deductible for me...

The time and effort will earn you the deduction.

Many of your expenses are deductable.

I completely agree with Rich, and thought some of his deductions were very creative.

I am not able to reap any of the rewards from the deductions from the rental properties.