Nick Martin
Airbnb Tax Deductible Expenses
I will be putting my primary residence on Airbnb for 3 months while I'm out of the country for work. I want to purchase several items (soaps, paper goods, additional towels, air mattresses, etc) for use by those who u...
Kyle Steiner
Deductions from Security Deposit
I have a tenant who moved out and left the place in decent shape. However, there were some scuffs on the walls, the kitchen counters had some dried food on it and the floors were dirty. The bathroom required some cl...
Delin W.
Per Diem lodging deduction?
Wondering if I can take a Lodging Per Diem deduction for those nights when I travel to my vacation rental for business purposes. Does anyone know? I am taking the Meals & Incidental Expenses related to the trip, b...
Karen Lee
HELOC interest expense deduction
Hi - From what I've been reading there are restrictions on HELOC interest expense deductions. Does anyone know if I take out a HELOC on my primary residence and draw funds to purchase/improve rental property (1) will...
Ryan Keenan
Tax deductions and rollbacks
hi bp, question about tax deductions. Are there any tax deductions that lenders roll back into your gross income when applying for a new loan? Would rental loss and royalty loss be one of these? Thanks!Ryan
Thomas Graham
Oklahoma Capital Gains Deduction
Anyone have more information on how/if this impacts Oklahoma residents who invest in investment property? I hadn’t thought about it before until it was all over the news with the Oklahoma teacher walkout. What are the...
Spencer Stevens
Business Travel - Tax Deduction
Hi BP, I am curious to know what proof do I need to travel to Utah (from Oregon) to check up on a rental property for the IRS audit of my business trips? I could possibly save down pictures of my texts with the tenant...
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Capital Gains HELP-deductions
Help:
Trying to reduce Capital Gains exposure!!!!!!!!!
I purchased a Townhome condo in a Beach resort in 2001. It was never rented. I have been living full time in this property for more than 2 years-my wife ...
Troy B.
Proof for travel deduction
I'm a new landlord and live about 30 miles from my property. I have read that I can deduct travel expenses for property management but how do I prove the deduction? Is there mileage book keeping I would need to do or ...
Joshua Hill
deduction of mortgage interest
Regarding deductions of mortgage interest on rental property against income, Can you deduct all interest up to the current appraised value, or up to the original purchase price? For example, a property purchased 20...