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19 April 2020 | 2 replies
Hey folks,Are points on a new mortgage for a rental property tax deductible?
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17 April 2020 | 18 replies
In the Smokies where my properties are, there are four different types of taxes levied that total approximately 12.75%.
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11 April 2020 | 12 replies
If you want to increase your leverage on your current property even though it will go down and pay some deductible interest able to be offset by your cashflow instead of taxes, that too is your business decision.It sounds like you are trying to time the housing market.
12 April 2020 | 12 replies
Is a certain percentage deducted each month?
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19 April 2020 | 5 replies
They will be able to prove the LLC has substantially more income and assets because of one set of books ...Plus its tax deductable the extra fee.
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27 April 2020 | 4 replies
I will be getting a W2 job again in a few years, and wanted to know if I can carry over my unused deductions from previous years?
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4 June 2020 | 10 replies
Refinancing my primary to get the cash on hand to be a cash buyer would take longer, financing costs both short and long term would be on much more preferable rates than on an investment property, my mortgage writeoffs on taxes would be deductions on primary residence and not a much on investment property costs/income, all the risk would be on my primary home, I would be paying on the new higher mortgage while sitting on the cash no matter how long I had to wait to find new property I wanted to purchase.What am I missing, what have I not thought of, what do you all think?
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13 April 2020 | 1 reply
Can deduct some rent owed from security deposit.
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13 April 2020 | 14 replies
You should ask for this but unfortunately it's rare to get it because a lot of owners don't do a good job of documenting it or keeping good records.And again, with (allegedly) no security deposit, it's not clear what the purpose of determining damages would be - it's not like you can deduct it against their security deposit.
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13 April 2020 | 7 replies
An investment rental has its benefits, cashflow for your personal purchase, tax deductions, etc.