I closed on a refinance for one of my rental properties last November. The re-fi was about $3249 in fees and another $831 in pre-paid interest. I got a 1098 form for my pre-paid interest. However, I still have another...

Is mortgage interest paid to a private investor tax deductible?

Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...

I'm a beginning real estate investor, and was wondering if anyone knows of the current IRS tax incentive to help rebuild some of the areas that were devastated by the hurricanes of recent years (i.e. Katrina, Rita, et...

Hello BiggerPockets!I've been consuming as much content from BiggerPockets the past 6+ months to plan for an earlier retirement than I initially thought possible. I plan to ease my way into REI by renting out my curre...

Why can I fully deduction the cost to cut down a tree, but if I buy a chainsaw myself, I can't fully deduct the cost of the chainsaw? Or my time for that matter

For my rental in New Jersey, I have set a deductible of $60 whenever I make a visit to do any kind of repairs for the tenant. For example any water leak, of the contractor charges me $250, out of that $60 tenant pays....

Are we required to provide usage split for 'non-refundable' pet cleaning fee as part of move out deduction. The tenant had given $500 refundable cleaning fee and $200 non-refundable pet cleaning fee. After move out, ...

Our last tenant moved out of the house on Dec 15, 2022. As per AZ law we have to send out itemized deduction letter within fourteen days, excluding Saturdays, Sundays or other legal holidays. We were out of city for f...

I am in a process of buying a property to rent it out. I know that the cost of bringing the house to habitable conditions is only deductible when you sell the property. But since you can deduct property maintenance ev...