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 ...

Does anyone have a rough list of deposit deductions that are typical to withhold? Not needing large item repairs but things like basic cleaning, burned out light bulbs, dirty air filters, replacing stove burner trays,...

I went on the IRS website and read the Publication 527.

I want to know if a Gift Card bought at Home Depot and is given to a tenant for home repairs would that constitute as a repair expense?

A repair is defined as ...

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.

After a water leakage in our kitchen in our condo unit, the HOA is claiming that we are responsible financially for the repairs. The HOA is claiming that since the damaged water pipe was for hot water and only served ...