Jay R.
Rent Increase - Deduct from Security Deposit?
Hi Guys, I have a quick question that I am hoping someone can answer. To make a long story short. I have a tenant whose lease expired in August. I specifically let them know via certified mail in August that for the m...
Dillon Black
Tax Deductions, depreciation on House Hack?
Hello everybody, so I spent some time trying to figure this out, but I'm hopelessly lost. What are the tax benefits or disadvantages of house hacking and living in one unit of a duplex, as opposed to renting both unit...
Marc Dube
tax deductions for purchase & repair
Im looking at buying a SFR home as an investment. If I buy a home that needs significant repair, what can I deduct and is there a limit?
Chet Pat
Interest rate payment and tax deduction
Hi, I know you can deduct your interest rate payment (on your mortgage) from your Gross income. I have a question about the cap - The limit on deduction is $1,000,000.00. Does this mean that the maximum you can deduc...
Chad Tessmann
Starting Out Tax Deductions - First Year?
I am going to have 2 properties that I am projecting losses on. One is going to be a short term rental and the other is a house-hack. The STR I am going to be building from scratch (in Alaska btw). Are there any ta...
Sarah Lawrence
deducting expenses when properties fall through
Hello. I am wondering how everyone deducts their expenses when offers fall through such as wire fees when they do not have ownership of that property for tax purposes.
Ryan McBride
what is deductible against capital gains?
I'm a real estate investor (first timer about to sell my first flip). I bought a condo back in May 2006 for $149k, rehab costs are approximately $25k, sales price $230k, RE Agent's commission 4.5%.
My question comes...
Mark S.
Tax Deduction on Live-In Duplex
My buddy is considering buying a duplex, living in half, and renting the other half.
Would he be able to deduct all the interest paid on his mortgage, or only half because the other half is a rental?
Thanks in adva...
Khemaro N.
Real estate investor tax deduction question
So I was watching BP podcast 162 with Amanda Han. My question is can use the I claim my travel expenses to Hawaii based on a planned timeshare meeting? Does timeshare meeting counts as real estate investing?
Jeff Howard
Income Limits to Mortgage Interest Deduction?
Hello,I have a fairly high AGI and am wondering if there is an income cap for taking the mortgage interest deduction and depreciation on any rental properties I may buy in the future. I hunted around, and I don't bel...