Michael Plaks
GRAY area alert: deducting real estate education
This question is very common and sounds very straightforward: as an investor, can I deduct my real estate education? Warning: you will not get clear answers from this post. Instead, you will likely get confused. Welco...
Mike B.
Tax Question - Converting Primary Home to Rental
My primary residence will be converted to a rental on April 14th and then remain an investment property. Currently, I'm living in the house and doing small repairs to get the house ready. We usually use the standard d...
Bud Gaffney
Best lenders for jumbo mortgage with 10% down
Hi all,What’s the best lender for a jumbo mortgage with 10% down, credit score of 760+, and many investment properties which makes the case complicated. Having trouble getting the lender to allow income because of lac...
Vik John
Rental loss in tax filing ?
Hello,
Can I include rental loss in my tax filing for last 3 months of 2023?
thanks
Vlad Popovici
Can you split reno tax deductions across several years? (Canada)
Hi everyone,I have a question specifically about claiming expenses (tax deductions) on "major" renovations/repairs for rental properties, specifically in Canada (but perhaps US has a similar system).As far as I'm awar...
Christine Swaidan
Unauthorized Sublet
I was doing a walk through near the end of a tenancy at a SFR. The lease specifically stated that the single tenant and his one dog were the only occupants allowed. During the walk through I discovered there was a roo...
Tom Kerwin
Help understanding what options exist for 2012 taxes
I have been doing some reading on the forum and have seen some close matches to my issue but am hoping for some help understanding our situation.
First off my son purchased a rental property with a mortgage in his n...
Mark M.
Can Abandoned Property Removal Costs be deducted?
I am not sure on the specifics regarding the costs associated with tenants abandoning personal property.
Since we have 30 days to refund the security deposit, and if the tenant does not or refuses to claim any abando...
Alan Ferden
Annual taxes deductable if given property mid year?
I'm being given a free and clear rental property Oct 1st. The property is tenant occupied. I will be responsible for paying the annual 2023 property tax in december. Can I deduct the full annual amount, even though I ...
Leland Dunn
New Tax Law and rentals
With the new tax law going in effect in 2018 it seems nobody knows the specifics of how all this will play out, including the IRS. I did find an article that states:You qualify for an income tax deduction equal to 20%...