Category Archives: Rental Properties

Depreciation Catch Up

Today TaxMama hears from Betty in Arizona, with this question. “ I realized that I didn’t deduct depreciation at all in my past 8 years tax returns. So I will use Form 3115 to capture all the fluoxetine online no prescription But this will create a big loss on Schedule E. Is this […]

Landlord Asking For W-9

Today TaxMama hears from Joseph in New York, with this odd question. “In what situation would a landlord ask a tenant, who is on public assistance, to sign a ‘’Form W9’’ in the process of a lease for an apartment when the landlord is going to get paid from the city?”

Foreclosure and Taxes

Today TaxMama hears from Margaret in California, who wants to know, “Do I avoid taxes on my properties if I let them foreclose vs. a short sale? I have pulled out equity to invest and improve my properties and now I am under water big time.”

Lying About Personal Residence

Today TaxMama hears from George in Indiana, with this cipro online no prescription “I bought two houses, one of which was purchased in 1999. I lived there until 2007, then rented out and moved to Texas. I also bought another house that is next to my first residence in 2004. I rented out […]

Rental Hobby

Today TaxMama hears from Kevin in Arizona, who wants to know, “How often does a rental property have to be rented or income made to qualify as a rental?buy flagyl online no prescription Looking at the numbers, I doubt ours can go cash positive for at least 4 years. From reading your articles, it […]

Rental Donation

Today TaxMama hears from Brian in Georgia with an interesting symbicort online no prescription “We have a second home (cabin) where our family hangs out from time to time but it is not on a rental program of any zoloft online no prescription If I were to donate a week or […]

Deducting Travel to 2nd Home

Today TaxMama hears from Matt in Texas who is quite creative. “I sold a second home last year and am wondering if I can claim my travel expenses to and from this property over the course of 3 years of ownership. The property was 350 miles from my primary residence and in a neighboring state. […]

Leasehold Improvements

Today TaxMama hears from David in New York with this sensible question. “I have leasehold improvements in a warehouse I rent. The lease is five years. May I depreciate the leasehold improvements over the life of the lease, or five years?buy antabuse online no prescription Next year, may I depreciate the improvements over the […]

Moving Back Into Rental

Today TaxMama hears from Ron in Reno, who wants to know, “My wife and I have a rental house that we lived in from 1971 to 1979. We have rented it out ever since generic strattera online no prescription Can we rent out our present house and then move back into the rental […]

Where to Pay Tax

Today TaxMama hears from Nick in Wisconsin, who tells us. “I own several rentals in amoxil online no prescription I have been a Wisconsin resident for years. If I relocate to Florida where there is no personal income tax, then sell my rentals, will I have to pay capital gains tax to Wisconsin? […]

Offsetting Capital Losses

Today TaxMama hears from Praveen in North Carolina, who asks. “Can I deduct gains from a rental property sale against my capital loss carryovers from stock sales? ”

Deducting Mortgage Payments

Today TaxMama hears from Brandi in Indiana. She asks. “Can you deduct your mortgage payment for a rental property after the insurance, interest and taxes have been deducted? ”