Costs $65 to repair, should it be added to security deposit deductions or is it wear and tear item?

Should it be added to security deposit deductions or is it wear and tear item?

anyone who says otherwise doesn't know what they are doing.And as for the cost of the appraisal, 1.) it's a deductible expense and 2.) just add the $500 or whatever to you list price. 

Delay costs are deducted from the final payment at the time it is made.

If he files the claim, he has asked that we reimburse him for the deductible. 

You want to understand how refinancing impacts your tax situation.If you refinance and are able to pull out additional funds, the additional interest expense is deductible if you use the additional funds for real estate/business purposes.If you refinance and are able to pull out additional funds but use the funds for personal purposes, the interest would be partially deductible.Something to consider.Regarding finding a CPA, there are a few on the bigger pockets messageboard feel free to reach out to a couple and pick the one you feel most comfortable with.

Some costs are non deductible and non capitilizable.

If the refinance allowed you to pull more cash out from the deal, you have to properly track what the additional funds were used on.Additional funds used on personal items = interest expense not 100% deductibleAdditional funds used on business items = interest expense deductible

Thank you for the suggestions I don’t want to owner finance Already did that once huge mistake I’ve gone through three attorneys in six years trying to foreclose looking for other alternatives thank youLooking for tax deductions or how to reinvest the money without going through a 1031

@Jason Perry giving money to individuals does not count as a charitable deduction.