Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.
Brian Stinson
Insurance deductibles for SFR
6 January 2025 | 5 replies
Curious of what everyone is electing their SFR deductibles to be?
Jason Allen
Subletting Expense deductions
3 January 2025 | 2 replies
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?
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
11 January 2025 | 9 replies
Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.
Nick Gallon Martin
Confused about deductibility of interest on tax return
14 January 2025 | 0 replies
ChatGPT tells me that the cash out proceeds even if only reimbursing myself is non deductible because the proceeds are not reinvested in property
Chris Ke
200k down payment available and I can benefit from tax deductions
14 January 2025 | 5 replies
Deduct mortgage interest, property taxes, travel, and operational expenses.
John Davey
Can you deduct interest (primary house) from a home equity loan to buy a rental?
3 January 2025 | 11 replies
I can deduct the interest, but it gets added it B and C vs A?
Mike Richards
Deduct from rental income more than one year of Real Estate taxes?
31 December 2024 | 3 replies
(I'm guessing) my deduction would go further next year.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
You cannot deduct your rehab costs until the property is in service.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Solar has an energy credit and Starlink is deductible as business expense.