Is the cost of paying for a city permit deductible in your taxes?

If you buy into a large syndication, are you offered all applicable tax deductions in a prorated way? E.g. you invest $10,000 into an apartment complex that cost 5 mil. You have 1% equity on the property. Are you goin...

Hello, I own rental property but do not have the properties in a business name. Can I claim I have a home office expense on my taxes because I do use part of my home as an office?

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?

Hello, I am curious if repair materials can be bought before closing and deducted on the following year tax returns. My local home improvement store has a sale on materials I will use for a multiplex I will be closing...

Hello,Does the IRS require you to have the original paper receipt for proof of deduction or does can I use a scan copy of the receipt?

Hello,I bought a property in 2017, which is 'grandfathered' in to the limit on interest deduction.  If I buy an investment property this year, how does the limit actually work.  For example, if I have $500K in debt fr...

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 ...