Amy Yarnall
HELOC no longer tax deductible?
Note: I haven't figured out to search the forums, and I have a feeling this is redundant. If so, please educate me? Now for the question: in the new tax law, effective Jan 1, 2018, I understand changes have gone into ...
Benjamin Richards
Interest deduction on private loan
I'm working on some hard money financing with a family member to do a deal.Under what circumstances, if any, are my interest payments tax deductible?
Edgar Z Whelan
Is cash out interest deductible
I have various investment properties that I bought cash back in 2008-2009. These properties have increase a lot in value. I am thinking of getting loans and pulling out equity. Will the mortgage interest be deductible...
Julio Gonzalez
Deductible Repairs vs. Capital Expenditures
A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment. This would include architectural fees, new equipment, cost of protec...
Justin Wilson
Tax Deductions for Closing Costs
Hello,I'll be refinancing a duplex I own in a couple of months. I plan to pay the closing costs out-of-pocket so I don't have to finance them. Can I consider the closing coats a business-related expense and deduct t...
Chris K.
Investment property renovation tax deductions?
If you buy investment property then immediately renovate before renting out. Can you write off any and all expenses incurred from the renovation?
Reemo Petteway
Taxes deductions for Rental Property
Hello All!I purchased a rental property in 2020 and started an LLC. I renovated the house at the end of 2020 and moved in a tenant early 2021. Can I claim the expenses of renovating the home on my 2020 taxes? I have h...
David V.
Cash out refinance - Interest deductibility
Quick question here. If I do a cash-out refinance and use the extra funds above those used to pay off the original mortgage to purchase a new investment property is interest on the entire new loan deductible? For ex...
Lei Zhao
Leasing Agent Fee Tax Deductions
Hi Everyone, I'm new to the bigger pockets forum. Since the tax season is right around the corner, I'm wondering that how can I write off my leasing agent fee? I worked with one for the leasing agents at Austin area,...
Brad Washburn
Deductible Items On Personal Refinance
Appears recent federal tax code changed the deductible items I can take on the refinance of my personal residence, i.e., looks like points are no longer fully deductible. Correct? New rules? Other previously deductibl...