Jeff Severson
SFR First Year Tax Deductions
I am a newbie. If I purchased a SFR income property for $200,000, can you give me the typical range of the dollar amount of bonus depreciation and/or Section 179 deductions that would result in the first year? Wo...
Margaret Jay
Depreciation and tax deduction questions
Some questions for investment property: 1) when you buy a house, does the 'clock' on the 27.5 years start over, regardless of when the previous owners bought it?
2) what is a ballpark building vs. land ratio to use w...
Dru Steeby
Deducting Capital Expenses and Maintenance
Hi BiggerPockets,I have a question about taxes that I can't seem to find the answer for on google. In my breakdown of my rental property I put away 5% for CapEx and 8% for maintenance. If I do not use this money in a ...
Scott French
K1 Loss with Standard Deduction
I have an LLC with 2 partners, which holds a multifamily property. I have no dependents/mortgage/student debt/etc. so I am still under the standard deduction.
My question is, what happens to the K1 loss that...
Steve N.
The Standard Deduction exceeds Itemization
I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.
...
Alex H.
Tax deductions and property management
I know Ive seen a thread re: this but I cannot find it. If you utilize a full time PM company for an out of state rental property can you still deduct expenses for an annual/semi annual visit??
Phoebe Pulido
Cash Out Refi Tax Deductible?
Hi BP Family,
My husband and I are looking to do a cash out refi on our currently paid off home. We plan to use all the funds for investing in rental properties. Would the new mortgage on our home be tax deductible i...
Flavio Zanetti
Section 168 tax depreciation deduction
Has anyone taken advantage as a landlord of the Section 168 Bonus Depreciation of vehicles over 6,000 lbs GVWR?
It looks like there are a lot of small businesses out there doing so, per a few Tesla forums I read:
ht...
Drew Kjolberg
Tax deduction on lot rent?
I am looking at doing a C4D on my personal mobile home. The land isn't mine we pay $500 a month at a mobile home park. Am I able to deduct all of that? I am in North Dakota and will be charging 895 a month and $50...
Shirley Roberson
Deducting Expenses on Unfinished Flip
In 2020, my LLC entered into a contract with another investor to rehab a property that the investor owns. Basically I provide the funding and manage the project and the investor and I split the gross proceeds (the inv...