This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

Hello BP Community,Hoping one of the tax experts out there can provide me some clarity. 

I would also appreciate and benefit from tax consulting along with general tax planning.

As a tenant I would not want to move in to anything that hadn't been deep cleaned since the prior tenant. 5-10 minutes?  

The price of the houses are astronomical,  property taxes is the highest in the States.

Something to consider is to "donate" a portion of the rent they can't cover if you need a tax write off.

You’re not creating a tax deduction you’re only pulling it forward.

That sounds like a smart move, especially with the tax benefits!

I’m looking for a real estate friendly CPA in the Central Valley California area (Tracy, Lathrop, Manteca, Stockton, Lodi, Modesto, etc) to help me with my 1st year of filing taxes for my LLC, taxed as S-corp.