Hey guys,This will be the first year I am writing off an investment property on my taxes and I'm having a hard time determining what my Assessed Value Ratio % and my Marginal Tax Rate are for tax season this year. Is ...
Quick question about Airbnb tax write offs... can cleaning fees be deducted from rental income? How about the cost of purchasing a new washer and dryer to clean Airbnb linens? Thoughts?
Keep in mind I'm in a different state than where I'd hold property. If in 2016 I flew out of state to meet with some people and tour neighborhoods. Also purchased some business related items such as printer, computer...
This is my first full year of operating my units.
I recently looked at another property to buy and surprisingly to me my agent and loan guy told me not to write off everything I can with my current properties. My age...
I go and stay at my STR a few times a year to check in on the property and make updates or repairs where it is needed. I know that I can write my travel, supplies, and food expenses off of my taxes while on that trip....
Hello BP,
I was wondering since my business hasn't produced any income yet can I write off all the money I paid for marketing and other business expenses on my personal tax return?
When flipping a house, what are some expenses that can be written off for tax purposes? This home is a few hours away; so what about things like driving miles, anything we purchase for the house, food while working on...
How much should you claim in order to qualify for a loan? And what is the income-to-loan ratio?
Hello,I have heard and seen many different responses / information to the following question, and hope a CPA or an experienced professional in the topic can shine some light on this:"Can you write off travels to / fro...
I've been involved in funding some rehabs and JVing on some deals. I was wondering if there are things an individual can write off on their taxes. For example, business lunches with clients, trips to go visit properti...