George P.
unique tax write-offs
Want to replace my camera and was wondering if a high end camera is something i can expense. i am talking $3k camera. i am a "high end" amateur photographer with good taste in cameras and lenses.
Of course i'll use i...
Jeremy A.
Tax Write Off Question
Purchased used cabinets off Facebook marketplace for $1000 with a hand written receipt. I’m assuming these count as capital expenses, but can I still write them off because they’re “used” and from a personal seller ra...
Nate Pucel
Tax write off question
So I bought an investment house (not my primary residence), and have been renovating it for over a year. My plan is to sell it this year, but I'm wondering how I calculate the amount of taxes owed upon sale, as it wi...
Connor Vandyke
Tax write off question
I just bought my first house/investment property. It’s a single family home and I have about $20,000 in renovations before I sell or rent out. My question is with it being my primary residence is there any way I can w...
Manuel Encarnacion
Tax write off question
Can you write off or expense things purchased for upkeep of a rental unit come tax time? Things like paint, power tools like table saws and drills as well as items like water heaters, and bath tubs? I would be paying ...
Andrew Chong
Vacation tax write off
I am a newbie but I am on my way to getting started. I visit Hawaii quite often for vacation but I want to a) look at possible rental real estate in Hawaii and b) if possible, write off my vacation for tax purposes. I...
John Morgan
Tax write off question
If you buy $100 worth of sheet rock for your rental property and the tax is $8, how much can you write off on your taxes? The whole $108 or just the $8 in taxes? I assumed the whole $108 amount since it was building m...
Ali Hashemi
Vacancy Tax Write Offs
Pretty straightforward, can I write off vacancies as losses? I must act legally but what (if anything) can i do to squeeze tax benefits out of vancancies?
Sezuo Daudu
Tax write offs consideration
Currently looking at properties and analyzing deals. Should I be including potential property tax write offs while looking at deal such as depreciation, mortgage insurance...etc?
Shawn Moore
IRS Tax Write Offs
Hello All,The right to redeem a property I purchased ended 9.3.15. I have served all interested parties and advertised the barment. My tax deed covered 2009-2013. I just recently paid 2014&15 back taxes.My plan is...