Don Spafford
claim interest paid on loan from 401k on tax reports?
I searched the forums but could not find this exact question.I borrowed from my 401k to use as a down payment on a rental property and now pay that back monthly with interest. I believe for 2017 anyway, I can claim th...
Leslie Beia
Tax Q's About a Co-signed Primary Residence
Hi! I've talked to 2 CPA's and have received completely different information, so I'm hoping someone here can clarify!I have purchase a SFH (with hard money) that I intend to live in and share with renters (house hack...
Jacob Allen
National Guard Related Tax Question
I'm keeping a tracker of my mileage for tax deductions through real estate. In doing this it dawned on me, can you write off the mileage that you drive for drill weekends as well?Given that drill weekends are only on...
Kelvin Yuchen
1st Time Home Buyer / Rental Investment in Seattle, WA Advice
Hi everyone! I am a 24 years old living back at home in my parents basement saving up money. Right now i have an available $60-70k cash to put down on an investment property. My parents would help cover another 10% so...
Account Closed
Looking for big deductions to close out 2013
Any ideas? Would it be a good idea to buy a new truck this year? Any other ideas to get big deductions for 2013? @Steven Hamilton II
, anyone else?
Kerrie Carre
Rental loss
My husband and I own 6 rental properties. His sister and 3 children moved into one fully intending to pay rent. However she fell ill, lost her job, and has not paid but a few months rent this year. Of course my questi...
Robin White
New tax plan and 20% pass through income deduction
https://www.facebook.com/latimes/posts/10156180010518010
Can I claim the 20% pass through income deduction on my rental properties if I am a full time employee for my day job?
Mike Hanneman
Tax deferment on 2nd home
I was wondering if there are any tax deferments for selling of a 2nd home and using proceeds to lend to someone for an investment property. Do the standard tax deductions apply when selling a 2nd home? Can you roll th...
Holver Rivera
Rental interest deduction
If cash out proceeds from rental property are used as down payment for owner occupied property, is interest expense on rental property eligible for tax deduction? If not, does the timing of the transaction have any im...
Jeff Nash
HSA Enrollment and Options
This time of the year is when I start thinking about annual benefits enrollment and health insurance options. One of the more advantageous tax planning and personal finance strategies is to enroll in a high deductibl...