I built an ADU (accessory dwelling unit) on the same property I live on. 
it is rented. Several of the expenses are shared with my home. Water/sewer, tax bill, home owners insurance. Am I able to apply a portion to t...

Hi,  I am a new landlord and will appreciate some advises for the following questions. My tenant moved out and left a mess behind. Some repair works needed are as follow which I am not sure if I should deduct from s...

Hello!I have an odd ball question about the deductibility of interest on a cash out refinancing.My family inherited some investment real estate and unfortunately one of the parcels is owned by a  pension/benefit plan....

Hi Tax Experts,I learned in a article that you can actually use the loss created by your real estate investments (of course it's not realized loss) to offset your W-2 wages and other income.  Is that true? Is there ce...

Are haircuts tax deductible for certain businesses? Also, how would Trump carry back real estate losses after the 08 crash? Wouldn't the real estate carry back losses have to offset other capital gains but not ordinar...

In part II of Real Estate Tax Deductions, I want to talk about the Passive vs. Non-Passive Rule. If your income is less than $150,000 per year, you are allowed to claim up to $25,000 in passive losses. Rental income f...

Hi, I always try to figure out what is better higher or lower deductible for rental properties. I have two offers: One offer: Deductible: $2,500 general issues and $5,000 for windstrom/hail damages. Annual cost: $485 ...

So I’ve been reading the new advanced tax strategies book and according to the book, because I am a 1099 realtor, I can use the pass through deduction to take off 20% of my taxable income. But according to the first t...

Hello BP!
I have a rental property (My first purchase. 2 units, both vacant) - One was remodeled before purchase, the other I occupy while I remodeled it to be in rent-able condition (mostly the kitchen, not fun). I ...

So I’m a bit confused about what I can and can not deduct in taxes when my rental property is a house hack. I’ve compiled this list with what I’ve found to be deductible and what might be. I am living in one room and ...