are you allowed to edit the chart of accounts? 

Curious of what everyone is electing their SFR deductibles to be?

Utilities for the Vacant HouseNot deductible.

Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.

ChatGPT tells me that the cash out proceeds even if only reimbursing myself is non deductible because the proceeds are not reinvested in property

Deduct mortgage interest, property taxes, travel, and operational expenses.

My questions are;Do I have to take expenses as a deduction in a year in which they occurred even if I do not get income until the following year  I have other rental property, but my taxable income on them after expenses is only gonna be about $5000 So is there anyway to roll over expenses to the next year since I cannot deduct the remaining 15,000 and expenses against my W-2 income?

The most concerning is that they allowed unsupervised showings on a vacant unit- something we were not aware of until serious theft had occurred.

🎉 As we kick off 2025, I want to encourage all my fellow Americans stationed in Germany—or preparing to move here—to start thinking differently about your housing allowance.Did you know that your housing allowance could be more than just a rent payment?

Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.