If I use a HELOC on my primary residence to rehab houses that I don’t live in, is the interest still deductible in 2018? I understand that it is not. Any thoughts?

Hi,I live in Washington state and I have an in-state 4-plex currently under contract with conventional financing. I plan to use one of the following options to partially fund my down payment + closing cost:1. HELOC fr...

While rehabbing a property prior to putting it on the rental market, are holding costs added to the basis as a capital improvement or treated as deductible expenses?  I'm referring specifically to costs such as utilit...

Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else.  IE, I'm setting aside 10% of total rent as a management fee...

If someone draws funds from the HELOC on their primary residence, and uses them to pay down the principal on their rental property, is the interest paid on the drawn amount tax deductible under the rental property?

I'm starting to track my mileage via the Mileage IQ app and wondering whether driving for dollars mileage is deductible.  If so, does that make virtually all my mileage deductible?  I can't remember the last time I dr...

Now that the interest on a HELOC isn't deductible on a primary anymore, I was wondering if it could be deducted as a rental expense if used as a down payment? I'm about to make an offer on a single family home using f...

I currently live in a Duplex that we house hack, living in one unit and renting the other. This was purchased in December 2023 and I am trying to Tax plan for the coming year.1. I have heard from others that you shoul...

Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.

Are you familiar with the Section 179D Energy Policy Act Certification? It calculates the tax deduction received due to the installation of assets that are energy efficient such as lighting, building envelopes and HVA...