Nathan Shaffer
Pre-In Service Property Taxes Chargeable to Capital Account?
2 February 2020 | 0 replies
I am confident I can capitalize the renovation/construction/zoning costs, but what about property taxes paid in 2018 (all of which exceeded the $10,000 SALT cap based on our W-2 state taxes, so none have been deducted).
Michael Delmont
Flipping Tax Question
3 February 2020 | 7 replies
But you do not deduct it until the year of sale.
James Snedaker
Equity LOC + Margin stock purchasing
3 February 2020 | 1 reply
If I pull 100K from my house and then leverage that x 80%, then I get a total position of $180,000 and its only costing me 4.71% interest per year (fully tax deductible!).
Gwendolen Rowe
Dane county: Tenants want to buy, how to establish a price?
5 February 2020 | 17 replies
I would trust them to do this as they have already been handling all the small maintenance themselves and organizing professional repairs when necessary, which we deduct from rent.
Matt Corrado
Unique Security Deposit Situation
7 February 2020 | 9 replies
Therefore, my question is since I wasn’t able to do a Move-In Checklist, do I have any leverage to deduct from his security deposit if I find major damages?
Oleksandr Ivanovskiy
Can I deduct entity creation expense on my taxes?
6 February 2020 | 2 replies
I am wondering whether or not I can deduct entity creation expense on my taxes.
Alan Bosca
Super high "damage" charge on tenant move-out
9 February 2020 | 13 replies
Or do I just deduct from sec deposit?
Thu Dinh
Stolen Security Back Door- Should I ask Insurance to cover?
17 February 2020 | 5 replies
I highly recommend you to use your insurance to pay for the door if the cost to replace it is higher than your deductible.
Riley Schaefer
Cost Segregation Study for SFRs
12 February 2020 | 7 replies
I make good income now that I want to try to maximize my tax deductions as much as possible while I have high income.
James H.
No 1099 from property manager ?
10 February 2020 | 14 replies
The management company pays me after they deduct any expenses and their management fee. .