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Results (10000)
Kin Meng Sio Is primary residence HELOC interest tax deductible?
25 September 2019 | 7 replies

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...

Jennifer Bott HELOC Interest Deductibility Used to Purchase Rental Properties
12 September 2016 | 5 replies

We took a home equity line of credit out on our personal residence, and used 100% of the funds to buy 3 rental properties.  My first question is whether the interest deductibility is subject to the 100000 loan limit. ...

Stephen Mendoza Tax deductible expenses for researching properties?
20 August 2010 | 10 replies

Under the assumption that there are no "dumb" questions...I am a newbie to real estate investing. Are the expenses I incur researching properties tax deductible? What about mileage expenses when driving out to vario...

Amanda Dehaas Renter wants to plant flowers/garden asking to deduct rent for it
29 April 2020 | 9 replies

Renter wants to plant flowers/garden asking to deduct rent for it. Or just plant a garden and build an area to garden in general. But - here's the thing - the back part of our apt complex is divided so each person has...

Tsoi Anisoquilli Tenant personal property damaged thru landlord negligence
22 January 2020 | 11 replies

Unlicensed uninsured tree trimmers the landlord hired, downed limbs on house power line causing huge power surges. Landlord did not notify Oncor before the work started.Tenant notified landlord when the limbs came dow...

Account Closed IRS Change - Form 3115 (Application for Change in Accounting Method)
17 June 2015 | 20 replies

I just received an email from my accountant that basically stated the IRS has made some sort of change that will require investors to file a Form 3115 or they may be subject to a higher taxable income due to less dedu...

Preston Quinn Tax avoidance strategies on flips
13 February 2022 | 21 replies

Hey guys, I have my first flIp under contract. If I keep my budget in check and I am rIght about the ARV. I stand to make a good profit. Is there anything I can do to now, while waiting to close to prepare for legally...

Pat McCandless Self-directed IRA
20 March 2017 | 11 replies

When using a self directed IRA as a down payment on a rental property, I'm understanding that any cash flow can't be touched for personal use (if that's not the case please chime in). What happens then if you wanted t...

Steve Weihe Tax deductions-6 month rental before selling last year
18 March 2019 | 5 replies

Morning all,We sold our house late last year in San Diego and ended up renting it out for the previous 6 months as initially our buyers didn't qualify.  We spent almost $12k to get it rental ready (repairs, replacing ...

Joshua Kohl what all can i count as deductions?
30 November 2018 | 6 replies

What all can I deduct as business expenses?  I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions.  Can i deduct internet, cell phone, office supplies, car insurance (if ...