I'm selling my lot at a huge loss but can I also take my years of property taxes and HOA dues, mello Roos fees, architectural plans etc. etc. etc. ? I have a large gain on a condo against which the losses would be useful

Greetings all;

Just making sure I haven't missed something. I'm in CA and I occasionally have a housemate (renting a bedroom w/ full house privileges in my home; single person only). When they move out, and do not ...

In Indianapolis there is a 1% cap on property tax on your primary residence, they call it a homestead exemption. Is there a way to obtain the homestead exemption even though its not my primary residence? If it is not,...

Hello,
In 2018, I had a contractor do a substantial home improvement project to my town home ($29k worth).  The project included replacing the roof, replacing all windows, and installing aluminum siding to the exteri...

The IRS groups us buy and hold investors and sorts and arranges our tax returns on a massive scale. Therefore the name of the game is to not be an outlier for example someone who has total rents of $20K a year but...

Hi all,I recently got my first deal under contract, it is a SFR in St. Louis that will be held as a rental producing positive cash flow.  I was wondering what some of the tax deductions I will be able to take are.  I ...

My 3 family purchase is almost ready to rent, just over 6 months renovating. I understand "Make-rent-ready costs are not deductible." My question is what expenses along the way are a deduction this year? Property taxe...

We are about to move out of our home and rent it out.  If we want to fix it up (replace stove, microwave, A/C unit), are these expenses tax deductible while we are living here?  Our first tenants move in next month.  ...

Hello.I am working on my first rental property. My plan was to BRRRR it. I purchased it and am nearly done rehabbing it. But, I keep hearing various things about not being able to deduct repair expenses and mileage fo...

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...