Michael Leo
Renter's insurance deductible
So I am a landlord myself but I am actually currently renting an apartment because I have to be in Texas temporarily for my job. I had a quick question about renter's insurance I thought someone on here might be able ...
Robert Jordan
Mortgage Interest Deduction
Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...
Matt N.
Home Office Deduction
Hi all!I had a pointed question related to the home office deduction. I am a real estate agent (licensed in May), an attorney with a full-time job separate from my real estate business, and an investor with several pr...
Selina Chambliss
Home Office Deduction
Can you claim the home office deduction if you don't have a business license? We have one rental property that we manage ourselves. We currently don't have our license. We do use our home office exclusively to work on...
Troy Longtine
Partial use deductibility
Here's my situation. I've currently only have two SFH, but plan to add a couple more this year. I've essentially only been doing this for a year, and things have been accumulating such as mowers, snowblowers, floori...
James L.
Tax Deduction Question?
When I buy a home with a 30 yr mortgage at a rate of 4%, I have a payment each month for 30 years. Some of the payment goes towards paying down the principle; some goes towards interest. I then get to deduct the inter...
Ethan Anderson
Charging Maintenance Deductibles?
Does anyone have experience adding maintenance deductibles to their leases in Indy? I see a lot of people say that's a foolish idea because tenants will stop reporting maintenance issues. But does anyone actually have...
Sol Dubnov
deducting major repairs
We purchased a rental property and had to invest major amounts into repairs. The cost of the work is expected to exceed the projected rent income for this and may be couple more years, and we were hoping to recover th...
Russ Roslewski
Househunting expenses deductible?
At the beginning of last year we owned one single-family home as a rental property, in another state. Last summer, my wife traveled there to look for another property to purchase, found one, and we bought it. She al...
Vikram C.
Major Tax Deductions
I'd like this thread to be a place where we compile a list of the major tax deductions available to a real estate investor. Since I do flips, I do not get the benefit of depreciation, but here are a couple of good on...