Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?
Steve Weihe
Tax deductions-6 month rental before selling last year
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 ...
Lance Lvovsky
Tax extender bill passed - refund opportunities may exist
Congress, US Treasury, and the IRS have been involved in a flurry of activity at year end. Congress passed the Taxpayer Certainty and Disaster Tax Relief Act which is effectively a tax extender bill, and then also pas...
Robert Wood
The benefits of having a mortgage on a investment property
My question is Bp teaches you to use bank’s money. One of the purposes is to get tax breaks but don’t you still have to claim the profit of the cash flow you do get after your mortgage and bills are paid
John Chace
How do you decide when to refinance?
I bought my first house (owner occupied 3 family) last year and starting to wonder if I should refinance it since I bought it using an FHA loan with 3 percent down-payment. Per Zillow it is estimated to be worth an ad...
Brian C.
Pet smell in carpet - use security deposit to install hard flooring?
This is sort of a 2 part question. I have some ideas for solutions but I hope some more experienced landlords can tell me if I'm on the right track or not.First, a tenant who just moved out of my property has left th...
Joshua Kohl
what all can i count as deductions?
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 ...
Lyle Cooper
Deducting Points paid on loan origination
I bought a small building in 2017. I bought my mortgage interest down by 0.75%. It costs me $25,000 (Points paid). I have no income in 2017. Can I defer when I write deduct the points paid? Or am i forced to am...
Kevin L.
Sole Proprietorship & Mortgage Interest Deduction
Hey All,I currently own 3 properties, I live in one (while renting part of it out at the same time) and rent the other 2 completely. Based on what I read, an individual may only write off mortgage interest on up to tw...
Michael Plaks
Tax reform Q&A Thread 4 - New creative tax strategies
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of new creative tax planning strategies, i...