Hi Everyone,
I am graduating college this May, and am looking to buy a 3 or 4 unit property as an owner occupancy- does anyone know if you can set up a home office and deduct the sq. footage as an expense, even if yo...
I know there are a myriad of tax advantages when owning real estate under your personal name, such as depreciation, improvements/repairs, operating expenses, travel, and home office usage.
What I would like to know i...
Hello Everyone,I recently purchased my first rental property. I am now working on closing on my second rental property. I wanted to know if inspections where tax deductible. Also, I am removing the carpet and doing so...
Are the fees for the inspection, title search, and the appraisal tax deductible?
Does anyone know of a homeowner’s insurance policy that would cover tornadoes, hail damage and fire, which has NO DEDUCTIBLE?
So I am a brand-newbie at this, have not done a deal yet. I realize that the very first thing I need to do is educate myself, which will probably take several months (which will put us into the next tax year) before ...
I'm in the process of purchasing my first property, it's a house hack that I'll occupy the majority of it's a 1br/2br w/ garage. I'm curious about tax deductions. what can I write off in my situation? with everything ...
I have been analyzing houses for almost a year now. I understand the basics and really just need to dive in. One thing that has been a little confusing to me are the tax deductions. Off the top of my head, you can ...
This year I replaced two HVAC systems. I know this is tax deductible, but I'm wondering if I would claim the entire deduction on my 2022 taxes or is this something I spread out over a few years?
Hi Everyone,Would things like an electrical bill I pay for common areas and the water bill which I pay fully be tax deductible or are those just regular expenses?Much appreciated,Art