Nicole Wood
Deductible expenses on a house hack?
Hello all,Ive recently purchased a duplex and while I know what's deductible for a rental...or has been in the past since the tax reform may have changed all that ( i better study up).....how does this work with a hou...
Bryan Payne
Tax write off/deduction as landlord
Hey bigger pockets members! Just a quick question. I purchased my first rental property a little over a year ago in Massachusetts. It’s a three family and I do occupy one of the units. My question is: if I were to pur...
Account Closed
Tax credit/deduction on investment property
Hello all,Just bought an investment property. Before you know it, tax season will be fast approaching. I just want to know how do you savvy investors keep track of your expenses? Any tips? Thanks...
Elaine Chua
Lawful Deduction on Tenant Security Deposit
I have inquiring when it is lawful to deduct the security deposit from a tenant?Our tenant had decided to terminate her lease with 5 months left to fulfil. She gave us 30 days notice due to last minute work relocation...
Dennis O'Loughlin
What's tax deductible on this trip
My wife and I are partners in our Real Estate LLC. We live in the Pacific NW and want to go to a couple of seminars in LA next month. If our kids go with us and we drive to LA on a Sunday, all of our direct car rela...
Jeff N.
Tax deductable questions for new landlord
I apologize ahead of time since I'm asking a lot of basic tax questions, and I'm also just listing this stuff off as it comes to mind. With that being said...Clearly anything done to the house from here on out can b...
Dawn Anastasi
Simplified option for home office deductions
IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Year
http://www.irs.gov/uac/Newsroom/...
Uwe K.
How to state security deposit deductions?
Theoretical question and an actual situation:
Assume a text book case:
Tenant is collectible, moves out, leaves damaged property behind.
You have $500 deposit. All rent is paid, but you charged $100 in late fees th...
Gilbreth Seno
Depreciation deductions on other personal income
Can I use depreciation deductions from a rental property to offset income from my day-to-day job?
Suhaib Rehman
Tax deduction on investment property texas
Hello everyone I am considering purchasing an investment property in collins county texas. I am a little bit concerned about the interest rate however if the tax deduction offsets this, that will help me do the purcha...