Allan Mugu
Tax deductible or not
Last year spent about $2000 trying to get real estate business started. Money was spent on what I consider start up costs: direct marketing, INC incorporation, etc. Did not end up doing any deals wholesaling or rental...
Alfredo Coria
Tax Deductions: Second Property
Hi All. As many of you, it is that time of the year where taxes are due and I am searching for insight on how I can take deductions for a second rental property. According to my tax person, since our income was over a...
Ken Ben
Tax Deductions on ADU
I am considering to buy a home with a built in ADU in CA.Can i deduct a part of property tax and mortgage interest of the property as an expense for maintaining an ADU?
So for eg: Total Property value in 1M (75% mai...
Rebecca Wilson
Tax Deduction Rental Rooms
I moved out my 4 BR home in late 2017. Purchased new home different city. Beginning Apr 2018 I began renting out 2 of 4 BRs in old home. How do I handle tax deductions? I visit the property occasionally for personal ...
Jo Jennings
Tax Deduction for purchase
Will be traveling out of state to attend the closing of my first rental property. It is brand new construction. Financing is a thirty year conventional mortgage listed as investment property. During the visit, I will ...
Tony Kempisty
Rehab costs - tax deductions?
We are starting our rehab next week on my 1st rental property. The house is in rough shape so we'll be doing a good bit of work: new roof, windows, flooring, cabinets etc.
How much of this can I deduct as repair c...
Yongjian Pan
Itemized deduction for taxes
What does interest payments and property taxes are tax deductible if you itemize mean?
Zak Klobucar
Tax Deduction General Questions
Just wanted to get some general information on tax deductions...nothing in depth, want to make sure I'm not completely off with my analysis.
When buying a property, there are a lot of items that can be deducted at t...
My Nguyen
House Hack Tax Deduction
Hello fellow house hackers!This is more of a tax savvy question. I have my primary residence and currently renting out my studio basement. Can I deduct all the expenses (materials from Home Depot) from fixing and upg...
David Nacco
Tax Deductible Home Office
Could someone who is tax savvy help me out here? I am considering building a home office, and by building a home office I mean actually building a completely separate structure from the living area behind my house. Wo...