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Results (10000)
Taghlub A. Nassar Maryland-Statement of Cost/Deposit Deduction
6 November 2019 | 1 reply

Good morning BP Fam, 
My one-year tenants moved out and caused way too much damage to the walls of the house that I had to repaint the entire house in order to get it back to a renting shape. In accordance with MD Te...

Nick Bleser New property, repairs and tax deductions?
30 January 2019 | 1 reply

Hello BP!We bought an 8-unit property in 2018 and am working on the taxes for this property. As we've had turn over for each unit we've been painting, making repairs to things like cabinets and closets and also updati...

Kyle Bambu Tax Deduction question for STR Arbitrage
8 March 2021 | 5 replies

Let's assume you are paying 1k a month to rent an apartment. You then rent out that apartment and make 1.5k a month in revenue. Assume you have no other expenses. Now, let's also say you have other rental properties a...

Anthony Del Russo House Hacking Tax Deductions: Nitty Gritty
25 October 2019 | 4 replies

Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...

Sacha LaCoss Tenant dog caused fire-Insurance? Deductible?
4 December 2019 | 4 replies

Rental is located in Albuquerque New Mexico 
So my tenant was not home and her dog broke out of the kennel and dragged things all over the house including a couch cushion over the gas floor furnace. Neighbor heard th...

Andrew P. Tax Deduction Question for New Windows
20 December 2019 | 10 replies

I recently decided to replace many of my windows in one of my multi-unit properties and I went with the contractor's loan company (AquaFinance) to pay for the windows. All in all, I spent 12k on the windows with a 9% ...

Luis Villacis Health Insurance for 1099... Zero deductibles
9 December 2019 | 0 replies

Being 1099 it can be difficult to find the right coverage. Why pay high premiums with high deductibles if there’s plans that reward you with full coverage of your healthy with ZERO deductible and low premium.

Matt Romano Repair and Deduct in Rhode Island
6 February 2018 | 4 replies

I have a tenant whom deducted some money from this months rent for the purchase of salt and sand.  She included the receipt of a local store but sent me NO previous notification.  The law here for this type of stuff g...

Zach R. Materials contributed to flip tax deductible?
10 July 2017 | 2 replies

My business partner and I recently flipped our first house together. I had previously built my own home, and had alot of leftover supplies. I estimate that i contributed $1,500 in materials (tile, paint, electrical wi...

Andrew P. Deducting paint costs from tenant's deposit
10 July 2017 | 2 replies

I'm about to have my first turnover.  I realize it's a per case basis, but how often do you guys have to re-paint the interior of your property?  My tenants are in a B neighborhood and they take good care of the place...