Esther Kim
Security Deposit Deductions - Southern CA
Currently, my unit is being turned over (painted, repaired) from tenants who lived there for 5 years.I will be having my contractor itemize the following costs for repairs to deduct from their security deposit of $220...
Chris Perez
Tax Deductions: Repairs vs Improvements
Hi All!
Earlier this year I purchased a 4-unit property, and I'm currently living in one of the units. Over the past several months, I've invested about $30k into the units. I'm having trouble determining what exactl...
Andy Lanyi
How to deduct escrow costs
I am buying a new set of apartments, I trued to look up if I could deduct the cost of escrow. The answer was you have to add it to your cost biases. Not sure what that means. Does it mean you have to add it all up a...
Bradford Myatt
Depreciation Deduction Year to Year
Does the depreciation deduction ever change? Am I able to use the amount of my 2015 deduction if I am making projections for 2016?
Anthony Drew Gary
Offering a referral - Tax Deductable?
Hello BP!I'm in the process of generating leads for my first rental property. I want to take to my social networks and offer a referral fee to friends/family/colleagues for anyone who can help me find a qualified ten...
Anthony Drew Gary
Comprehensive List of Tax Deductions?
Warning: Newbie Investor Question!I'm going to start renting out my first house in January and I'm curious if there's any sort of cheat sheet / checklist / reference of all of the different tax deductible expenses tha...
Meagan Ruxer
Tax deductions with real estate
My boyfriend is a physician wanting to invest in real estate with me. What are some of the tax deductions he could benefit from, since he is unable to get school loan interest deduction? I am thinking rental income la...
Tiffany Campbell
Section 8 Property Tax Deductions
I am considering buying a section 8 rental property with a tenant in place. The location is York, PA and the property taxes are rather high, $3,000 per year. In reviewing the section 8 requirements there is a one sent...
George P.
Are these expences deductible if....
...if the tenant moves out, you spend about $4k to paint/repair walls and replace the carpet, but can't find a qualifying tenant within a month and decide to sell.The intention was to keep the rental property, but si...
Benjamin Richards
Expenses and deductions this year
I've used TurboTax to do my taxes for several years now. Once the property basis is entered it's very easy.I have six rental properties, and two of them showed a loss on paper for 2018. The portfolio is net profitable...