Tax Deduction Question:Taking a long road trip to Iowa to look at properties to purchase for rental this weekend. Wife and kid in tow, we have some family to see there, but most of time will be for looking at property...

Hi Folks,We have a summer house( uninsulated) that we rent out 47 days of the summer. We use it about 2 weeks...and from Nov- May it is not usable due to the fact it isn't insulated, or heated.Taxes were a whopping 14...

I'm renovating a portion of my apartment building from a office to a residential apartment. My question is on the flooring. I decided to install laminate flooring and use area rugs. Would both the floating laminate an...

Hello,Can I use part of my room as home office for rental property for tax deduction I heard you can use a halfway that is dedicated for home is all this true?

Ok so I have my first rental and now I am trying to get in the act of wholesaling and working on my marketing. I have a DBA and a business debit card, but if I am sending out letters, buying lists, these are all tax ...

Hi,

I have couple of rental properties which currently generate losses (because of depreciation etc).

My accountant is telling me that I cannot deduct losses from my income because I make more then 150k at m...

Hey folks,
Are points on a new mortgage for a rental property tax deductible?  Thanks for any help with this.

Very basic question that I’m sure is answered here a million times. On a flip, as far as writing off business expenses go for tax purposes, are you able to write off the purchase price, interest, closing costs, rehab ...

Due to the lender requiring insurance, and it being common cense, there is a sizable coast associated with insuring a property. Is rental property insurance  tax deductible as a business expense?

We own rental properties in the state of Arkansas. We travel to Texas for real estate education. Our mileage was 300 miles each way. We paid $70 for each ticket. $150 ticket total, plus one day of travel expenses. The...