Daniel Murphy
Oddball youtube / rehab tax deduction question
I've had this question in my head for a while and figured I'd finally ask it. Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel...
John McDermon
Insurance Deductible for Single Family Rentals?
Obviously everyone's risk tolerance will be different, but deductible amount are most people using on their single family rental units ($500, $1000, $2000, something else). I'm talking about under $100k mid-west or so...
Kevin Izquierdo
Am I still Eligible for Deductions?
My income is too low to apply for a loan. If I use a Partner to co sign a mortgage loan for me (specifically an FHA loan), am I still eligible for the tax deductions??
John Vollmer
Tax deductions before renter moves in?
We are about to move out of our home and rent it out. If we want to fix it up (replace stove, microwave, A/C unit), are these expenses tax deductible while we are living here? Our first tenants move in next month. ...
Shayna Adams
Deducting obnoxious damages from security deposit
Hi! I've got a question regarding doing quick fixes on damages that would otherwise be a humongous expense, and how tenants should actually be charged for these things. Here is my story:I have a tenant moving out th...
Michael R.
Direct Mail Service Cost - Tax Deductible?
We've spent a substantial amount of money this year on direct mail to advertise our business to homeowners. While I understand that the stamps, paper, etc. are a deductible expense, does the same go for the service?...
Josh Durham
Tax deductions for 1st rental property
Hello.I am working on my first rental property. My plan was to BRRRR it. I purchased it and am nearly done rehabbing it. But, I keep hearing various things about not being able to deduct repair expenses and mileage fo...
Nicole Wood
Deductible expenses on a house hack?
Hello all,Ive recently purchased a duplex and while I know what's deductible for a rental...or has been in the past since the tax reform may have changed all that ( i better study up).....how does this work with a hou...
Bryan Payne
Tax write off/deduction as landlord
Hey bigger pockets members! Just a quick question. I purchased my first rental property a little over a year ago in Massachusetts. It’s a three family and I do occupy one of the units. My question is: if I were to pur...
Zackary Housend
Tax deduction on new construction rental
How do tax deductions work if building a new rental property? I understand you can depreciate things like HVAC and roof over so many year. Does that same depreciation apply to new construction. For example if I buil...