We rent out a portion of our primary residence on a nightly basis. Does that enable us to claim our own utilities, insurance, HOA dues and other expenses on our taxes? Or a portion of them?

Just got My LLC approved. Just getting started investing. My wife and I have been going out on the weekend farming neighborhoods to decide which one to begin investing in. My question, is the mileage  tax deductible u...

Can I deduct water bills and/or electric bills (common hall/basement lights) as a business expense for a non owner occupied duplex?Water is the only utility that the city does not allow to be split/submetered or put i...

How to calculate rehab cost and report it?Say, you bought a property for $100K and rehab costs $50K, no income.    can you report loss of -$50K ?  plus deductions from tax, utilities?

Hello, I currently own a town house in the Portland area. i rent out a portion of my primary residence to 2 other roommates who pay me rent.I bought the house in 2018 and did a few improvements/paid HOA/utilities for ...

Doing some rehab work was wondering if tools are a tax write off?

Anyone have a tax deductible template they use for renovations? Depreciated value based on homes built in 80-90s. New roof, new flooring, new counters, new ac, general contractor work, concrete removal, sewage line re...

I bought a home in January with the intent of fixing up the basement to airbnb.  I started renting the basement out in July after improvements were finished.  I know I can deduct the portion of the mortgage interest (...

Dear BP family,
I have a question about REI expense deductions. If I don’t yet own investment RE, but do have expenses related to looking for and acquiring RE, as well as RE educational expenses, can they be deducted...

Hi,If my place is an investment property, meaning I rent it out, do my HOA fees become a tax deduction?Thanks