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Updated about 9 years ago on . Most recent reply presented by

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13
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2
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Wayne Solum
  • Database / SQL Developer
  • Round Rock, TX
2
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13
Posts

Is any of the following deductible?

Wayne Solum
  • Database / SQL Developer
  • Round Rock, TX
Posted

I just sat through a seminar hoping to find clear answers to the following, but didn't:

Are closing costs associated with a cash-out refinance on my primary residence deductible in whole or in part for tax purposes?  The funds were used for real estate investing.

Can a real-estate investment club membership be deducted as a business expense?  I used their real-estate agents and purchased two single-family rental properties in 2015.

I've tried using the search box up above but it's not very helpful.  Surely there's a better tool for this.  I'm sorry if the questions I asked have been asked numerous times.

Thanks,

Wayne

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