Claiming Rental on Income Taxes
I purchased my first rental property in 2014. I have a few questions on Income Taxes.
Can I claim the closing costs?
Can I claim the 25% I put down?
Can I claim the insurance, property tax, property management fees?
Thanks in advance
contact a CPA to educate you on what's an expense or income.
The down payment is not deductible. Insurance, taxes, management are deductible.