@DA NguyenGenerally acquisition interest of a passthrough entity in which you do not materially participate is an above the line deduction that is also passive in nature.The debt proceeds need to be traced to figure out exact treatment of interest paid during the year.Consult your tax advisor.

Your typically installer will charge you $45 per stair in labor to install laminate or wood, plus increased cost of materials for stairnoses and such. 

The house has been rehabbed throughout the years, so the materials used could be anywhere within the last 100 years.Any idea how likely we may have walls with asbestos? 

In my area, construction sites are always left wide open with tools and materials everywhere.

The intent was to maximize small businesses' ability to maintain liquidity, retain their employees and recover from this health crisis as quickly as possible. 

I'll even take it one step further...If you elect to aggregate your separate rental activities (properties) as one activity for purposes of establishing material participation pursuant to Reg. 

Then you could also have another look over the tax returns when they're done to look for obvious and material mistakes. 

Seventy bucks max in materials and you're golden.

On the plus side, I have a gas one pushing 30 years in good shape since materials used a lot better (according to service guy).At 25 years with hard water on a water heater you're really pushing it. 

They tend to have to be pretty detailed to include the cost and amount of material being used.