.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.

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

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?

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.

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.

I can deduct the interest, but it gets added it B and C vs A?

(I'm guessing) my deduction would go further next year.

@Levi Cartwrighthappy to help, i sent you a PM

Quote from @Danielle Levy: Lesson learned: provide the full story up front and you'll get better advice.If you feel there's a case, put together all the evidence.