Sandy Blanton
Deducting health insurance premiums
W2 employee + RE investor, employer doesn't contribute towards HI premium. I know if he were self employed and had 1099 income he could deduct the premiums. How can he deduct the premiums, if he can? Thx in advanc...
Aaron Smith
Passive losses, standard deduction
Hi BPers,Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a differen...
David C.
Tax deductible house searching?
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...
Nathan S.
Home Office Deduction - Mileage
Hi BP world, I am currently not taking a home office deduction since the entire space I use in my primary residence for my rental business is also used for personal activities (computer, file cabinet, office desk). A...
Account Closed
What makes travel deductible?
Transportation expenses include the cost of getting to and from your destination. Transportation costs relative to a business trip are deductible whether or not you stay overnight. Other expenses incurred during the c...
Henry Li
Real Estate TAX Deduction
With the new tax law, our primary residence mortgage interest doesn't have tax advantage anymore to my understanding. I however own other investment properties , and there is one that is actually paid off. Would it ma...
Chris K.
Tax DEDUCTIONS STR PROPERTY ?
Hello! Regular monthly maintenance on an STR property can be deducted from taxable income? EG. Lawn / garden care, pool care etc?Thank you
Jason Phillips
office for tax deduction
hey yall ill try to make this short. I have rental business , a 9 To 5 , and a freelance daycare cleaning job . At my house i own a separate building once used as a business by previous owners. Im using it as a 840 s...
Brandon Shaw
Attorney fee tax deductions
Hello all,
Because I'm a new buyer and located out of state from my property, I used a Power of Attorney (POA) with my lawyer to sign and review all my documents in WA State for me. I have to use him for purchasing ...
Jim Francis
Mortgage Interest Deduction Disappearing?
I heard a rumor that there are some people in the Bush administration who are looking to get rid of the deduction on mortgage interest. Is this true? While it seems like it would bring in a ton of extra money to the...