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Updated over 5 years ago on . Most recent reply

User Stats

114
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2
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Joseph Tarallo
  • South Amboy, NJ
2
Votes |
114
Posts

Taxes, expenses, mortgage help

Joseph Tarallo
  • South Amboy, NJ
Posted

Hello, so I’m looking for some professional help.  I am looking to buy another property which I will need a mortgage.  So when tax season comes I have a lot of write offs.  Plumbing repairs, paint, furnace, etc.  Now if I show a net loss at the end of the year will this affect me when applying for a mortgage?  Is the mortgage company going to look at this and see I have a net loss ?  If so, Am I better off not listing my expenses/repairs when doing my taxes ....? 

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