If you get a HELOC (or any loan) on your personal residence and use it to buy a rental property, the interest will be a tax-deductible expense against the rental property that you bought.

I have an unfinished walk-in Attic and was wondering if i can use this part of the my house my home office also wanted to know if i finish the attic up by that i mean putting up dry wall and flooring etc.. are those material deductible as a start up cost in finishing my home office ?

I'm trying to understand figure out what can and what can't be a tax deduction and what has to be depreciated. 

Hello,I’m looking to have cost segregation done on a valuable single family rental property.The price we paid for it less than the land is just over $500k which is the limit for some software.I’ve gotten estimates for $7000 studies that say my deductions would be from $77k to $116k.

This might be helpful:  If a taxpayer's capacity in a given activity is more akin to that of an investor, then the activity cannot be treated as participation for purposes of deducting passive losses unless the taxpayer is involved in day-to-day management.

Why not look for the next great opportunity in a market that you would like to personally explore and visit; you never know...that ski vacation or beach escape could be a great tax deduction in part as you manage your real estate business.Just another option...

The agency's stance on this matter is that whoever actually makes the mortgage payments on the loan has the right to deduct the interest.

Do you get the benefits of the 20% QBI deduction?

Reserves don’t fit that description, and in fact would not be treated as a deductible expense on your taxes.Perhaps even more telling is the fact that we expect the money spent on an expense to leave our possession and be delivered to a third party who is providing some product or service.

Is a utility allowance usually deducted from the SAFMR?