Dawn Anastasi
Simplified option for home office deductions
IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Year
http://www.irs.gov/uac/Newsroom/...
Jeff N.
Tax deductable questions for new landlord
I apologize ahead of time since I'm asking a lot of basic tax questions, and I'm also just listing this stuff off as it comes to mind. With that being said...Clearly anything done to the house from here on out can b...
Scott McCadden
No Deductions Allowed to Agent Investor
As part of my regular routine of checking the "tax news", I came across a recently released tax court case, TC Summary Opinion 2018-27. Bottom line, a licensed real estate agent deducted mileage for visiting houses f...
Albert Rothe
W2 Tax Deduction with a Syndicate?
I was introduced to the world of passive real estate investing through syndications and there are many benefits that to continue to be shared, including bonus depreciation. I’m new to this world so I don’t fully unde...
Armand Farr
Deductions that flow to personal income
Hey guys - I work full time and I'm looking at buying my first rental, holding it within an LLC.I know investment property mortgage interest can be a deduction against my personal income (even if the property isn't ca...
Matthew Freese
Tax Deduction Rollover Into Next Year
Hi Everyone -I am planning on buying a 2 unit property and renting one of the units to my friend. I am giving him a good deal on it, so the rent will only be a few hundred dollars. I have done a lot of reading on all ...
Kathleen Dylan
What can I deduct from Deposit?
For rental to be in same condition when rented by tenants, I will need to: touch-up paint, clean house, wash windows, clean carpet. Can ALL of this be subtracted from tenant's deposit? They left the place in great sha...
James Hocker
Deposit Deduction for Permanent/Irreparable Damage
Hi All,How much should I charge a tenant who damaged a property in ways that I can probably never repair? A tenant recently moved out of one of my properties after about 3 years. They gave 30 days notice, and made a...
Senthil N.
Roof replacement: Insurance deductions and taxation
I am getting my roof replaced on a rental property. The cost is divided as follows: Insurance is covering portion of itI am covering portion of it (as my insurance does not cover full replacement cost). I only get t...
Jeff Jameson
Insurance deductibles - How much is yours?
Just wondering what the general feedback is about property insurance deductibles. I have a mixture of long term and short term rental properties and wondering what a recommended deductible might be for both. Too low a...