That way the house would be in our name if she has health troubles and all the interest is paid to her not a bank but we should be able to deduct it still.

I'm thinking I should take the standard Deduction for 2020 and then pay the Full $27,000 in January 2021..

Happy Monday everyone,I was listening to the BP money podcast and learned about the individual or solo 401k option.  I have a W2 job with a 401k plan and rentals as my side business.  I contribute ~$15k and my company...

- If they are on title, would the income/expenses/tax deductions/write offs have to be included in their tax returns as well? 

You are forced to remove or remedy Your existing structures, or any part of them - other than boundary walls or fences - because any portion was built without obtaining a building permit from the proper government office.The loss is subject to a deductible and there is a maximum dollar limit on the underwriters liability which is different than the amount of insurance.

Negotiate the cost as best you can and make sure the cost will be deducted from any replacement cost after the PM has been performed.  

No worries @Jeff Scully  Yes, cash flow is what you have remaining each month after deducting for debt service (PITI), Association Fees, Vacancy %, Maintenance/ CAPEX %, and any mgmt. fees.

I recently finished the Bigger Pockets book on Tax Strategies for the Savvy Real Estate investor, and there was extensive discussions on business expense deductions. 1.

Then, if you feel necessary, get in touch with a local CPA to talk about things like entity advising and common tax deductions.

I want someone who can find the most deductions for me and minimize my tax liability as I build my portfolio.