Daniel Murphy
Oddball youtube / rehab tax deduction question
I've had this question in my head for a while and figured I'd finally ask it. Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel...
John McDermon
Insurance Deductible for Single Family Rentals?
Obviously everyone's risk tolerance will be different, but deductible amount are most people using on their single family rental units ($500, $1000, $2000, something else). I'm talking about under $100k mid-west or so...
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...
Michael R.
Direct Mail Service Cost - Tax Deductible?
We've spent a substantial amount of money this year on direct mail to advertise our business to homeowners. While I understand that the stamps, paper, etc. are a deductible expense, does the same go for the service?...
Shayna Adams
Deducting obnoxious damages from security deposit
Hi! I've got a question regarding doing quick fixes on damages that would otherwise be a humongous expense, and how tenants should actually be charged for these things. Here is my story:I have a tenant moving out th...
Joseph Fischer
Tax deduction for looking for investments?
Hi everyone, happy new year. Fiancé and I are heading up to Vermont for 2 nights to look at some potential investment property. Not sure if we would treat it as a "rental" or a "vacation home" or "business", but we wo...
Cat R.
Tenant deducted rent for volunteered work
I have a renter who decided to pay himself the rent value for helping to fix a plumbing leak.
My father took a few guys with him to work on the piping and wall plastering on one of the houses. The tenant of that res...
Marston Gould
Deductions on Stand Alone Garage Conversion
My wife and I live in a Seattle in a neighborhood that allows for free standing studio and apartment rentals. Our home has both a 3 car parking pad AND a completely separate oversized 2 car garage (~600 square feet)....
Edison Reis
Mortgage interest rate / tax deductible ? (Definition)
Greetings fellow investors,I am close to get into my first property and I am wondering about the following.We are all aware that the interest paid on the mortgage is tax deductible but ......A) Does the deduction rela...
Steve LeBlanc
Portfolio Loan interest....is it deductible?
I'm in the process of combining 5 of my investment properties (currently individually mortgaged) into a portfolio loan. Is the interest paid on this new portfolio loan deductible just the same as the mortgage interes...