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Are title fees associated with a rental property added to
are title fees associated with a rental property added to purchase price of home in figuring depreciation? … read more
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If someone were to refinance the loan on a rental property
If someone were to refinance the loan on a rental property they own are the loan fee, city tax, refinance fees, loan origination fee, and closing costs deductible? If so, would they be depreciated ove… read more
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Under what expense transaction or how to categorize the loan
Under what expense transaction or how to categorize the loan origination fees paid upfront to the broker company. I use quick books online and do own book keeping. I for sure know is not interest expe… read more
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I borrowed $ 15,000- from my savings to buy in, a franchise
I borrowed $ 15,000- from my savings to buy in, a franchise fee, to a new business. I want to pay repay the investment when the business starts to make money. We broke even this year. how do I report … read more
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I think this is a simple question is there a charge? I want to know if you can expense un
I think this is a simple question is there a charge? I want to know if you can expense unamortized loan fees after a refinance?… read more
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A residential rental property was refinanced and has closing
A residential rental property was refinanced and has closing costs. The property has already been depreciated before the refinance. Do I capitalise the closing costs that should be part of the basis s… read more
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Are capital gains and depreciation recovery prorated over the
Are capital gains and depreciation recovery prorated over the life of an installment sale (contract for deed)?… read more
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I am the owner of a 4 unit investment property which we just
I am the owner of a 4 unit investment property which we just purchased. I have 2 tax questions I would love to understand better. 1. What of my closing costs are tax deductible? I know the points asso… read more
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I have a residential rental - 3 units in the building, no personal
I have a residential rental - 3 units in the building, no personal use. I did a refinance. Clearly I can capitalize the points and amortize them over 27 years. However, there were other expenses, such… read more
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What is the code section and amortization for Form 4562?
Form 4562 - buyer closing costs - Part VI amortization -- what is the code section and amortization period? I read through 4562 instructions and I can't associate closing costs with any category. Than… read more
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How are state transfer taxes deducted when a rental property
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My closing costs other than points are $3800. Mu original
My closing costs other than points are $3800. Mu original basis of 219K has depreciated to 173K. To which figure do I add the $3800? Do I start a new 27.5 year depreciation period? John… read more
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What code section do you put loan fees on rental properties?
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We looked into refinancing our home and signed a contract with
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socrateaser
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We have refinanced our main home several times. Our broker
We have refinanced our main home several times. Our broker charges us an origination fee on the settlement statement but gives us a broker credit to offset the charge. It makes it a zero cost refinanc… read more
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I purchased a rental house in 2005 and put it into Service ...
I purchased a rental house in 2005 and put it into Service on December 26, 2005. On January 13, 2006, I mortgaged the rental house. There were approximately $8293.34 in "closing costs," which were inc… read more
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Are all items in the title charges, escrow charges, and
#1 Which items on my buyer statement for my new primary place of residence are tax deductable? TITLE CHARGES: lender/mortgage premium deed recording sub escrow 1st & 2nd recording/deed of trust courie… read more
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what fees are deductable on a rental property and what ...
what fees are deductable on a rental property and what clsoing cost out of 112.000 loan at 1% is dedctable? Optional Information: Gilbert, Arizona Already Tried: I have read publications that the IRS … read more
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