All re-hab costs are only deductible after the property is sold again?

But not sure if we can do that, since I am also on the LLC.I want to take the deduction for all of the mortgage interest and fees i've paid, everything allowable by law.At the same time, I want to maximize my return.And I have no idea what to do.

If you bought a rental and closing costs were paid by the SELLER/LENDER, can you still deduct/amortize the closing costs?

In some cases they can be deductible.

That implies that your income is under 100k and you can deduct the entire loss.But above all, the transaction is NOT at arms length as you mentioned.

,As a cash basis landlord, you will not have included that rent in your income so you will not be deducting it.

They deducted 5K deductible and 6K for the cost of land and also budgeted 10K for the cost of debris removal.

Hi,We closed on our first rental property last month and had prorated rents deducted from our closing costs.

Are they a cost of business, or is the PM simply taking the path of least resistance by deducting the expense from my owner's draw?

Some are looking to build wealth, some are looking for capital preservation, some are speculating, some are looking for diversification and some think they need a tax deduction.