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Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I don't do my own taxes and don't give tax advice.

Apr 03, 2017 07:44 PM
Ambassador
6,416,949
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Best to talk to a pro on this, and know the difference in types of expenses, some are capital expenses, some deductible, others are not.

Apr 03, 2017 07:49 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Ask a CPA

Apr 03, 2017 07:15 PM
Rainmaker
4,272,934
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I would refer you to your finacial advisor...

Apr 03, 2017 07:10 PM
Rainmaker
1,552,948
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I'm not a CPA/ My guess is Loan, Interest, Taxes, Fees, Repairs, Updates, management fees, third party fees, etc.

Apr 03, 2017 06:33 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Yep, CPA and tax attorney. 

Apr 03, 2017 01:55 PM
Ambassador
5,060,258
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

That's a question for your CPA

Apr 03, 2017 01:01 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Corey Christiansen - an accountant question perhaps.

Apr 03, 2017 11:14 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

You need a good accountant for the right answers

Apr 03, 2017 08:09 PM
Rainmaker
1,712,776
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Take some courses on investment real estate.

Apr 03, 2017 07:50 PM
Rainmaker
2,784,416
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have an opinion but for matters like this...you need facts

Apr 03, 2017 04:57 PM
Ambassador
2,684,569
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 CPA question

Apr 03, 2017 04:26 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

Consult a professional accountant or legal counsel who is knowledgeable about the tax laws for the jurisdiction(s) where you are subject to the tax laws and regulations.

Apr 03, 2017 03:10 PM
Rainmaker
4,175,640
John Pusa
Glendale, CA

Corey Christiansen You have ask this question to your CPA.

Apr 03, 2017 02:59 PM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

don't travel along that slippery slope.... use a CPA for those questions....

Apr 03, 2017 02:04 PM
Rainmaker
4,900,085
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great question for a CPA or tax attorney.

Apr 03, 2017 12:27 PM
Rainmaker
5,112,021
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ask an accountant.

Apr 04, 2017 03:46 AM
Rainmaker
4,581,918
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I would suggest contacting a tax professional for the best possible answer.  

Apr 04, 2017 12:53 AM
Ambassador
5,253,385
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Definitely a question for your CPA, Corey Christiansen.

Apr 03, 2017 05:53 PM
Rainmaker
902,038
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Anything related to the sale, including the sales commission. Check with an accountant.

Apr 03, 2017 05:27 PM
Rainmaker
979,596
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Corey - I would not know, as I am not a CPA. I would consult with your CPA or financial person. If you don't have a CPA, ask someone you know if they know a CPA.

Apr 04, 2017 10:57 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Talk to someone who does this type of work for a living.  We don't do taxes or window.  LOL A

Apr 04, 2017 01:59 PM
Rainmaker
1,505,893
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

1-800-Call an accountant!

Apr 04, 2017 01:52 PM
Rainmaker
1,728,056
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Please contact your CPA

Apr 04, 2017 01:41 PM
Rainmaker
4,959,198
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Ask your tax man.

 

Apr 04, 2017 01:14 PM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

ask your cpa

Apr 04, 2017 09:00 AM
Ambassador
3,349,239
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

That would be a question I would be asking my CPA. 

Apr 04, 2017 08:34 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Debbie Reynolds nailed this one!

Apr 04, 2017 06:42 AM
Rainmaker
5,237,958
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Whatever your CPA says you can expense! Chances are high you will never be audited!

Apr 04, 2017 06:27 AM
Rainmaker
5,026,148
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'm not an accountant and take my taxes to a professional CPA..always advise clients to ask their CPA questions like this.

Apr 04, 2017 06:05 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

A good question for a CPA.

Apr 04, 2017 05:59 AM
Rainmaker
599,734
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Ask your CPA for the answer.

Apr 04, 2017 05:40 AM
Rainmaker
7,862,377
Roy Kelley
Retired - Gaithersburg, MD

Your may not be using expenses in your calculations. Read the regulations.

Apr 04, 2017 05:28 AM
Rainmaker
970,983
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Best to check with your CPA.

Apr 04, 2017 05:19 AM
Rainmaker
1,241,754
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Lasser Tax Guide

Apr 03, 2017 02:10 PM