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Updated about 1 year ago on . Most recent reply

Matthew Mclean's profile image
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Matthew Mclean
  • Member since Jan 2, 2024

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Matthew Mclean's profile image
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Matthew Mclean
  • Member since Jan 2, 2024
Matthew Mclean
2
Votes |
10
Posts
House Hacking

First time Rental homeowner doing taxes

Matthew Mclean
Posted

Hi everyone! I bought a house this year and I’m worried doing taxes. Where do y’all start? I obviously want to pay the lowest taxes over time. How do you write things off? Where do I start?

Bend, Oregon
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Basit Siddiqi
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  • from New York, NY
  • Member since Sep 27, 2015

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Basit Siddiqi
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Basit Siddiqi
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  • New York, NY
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

Most things in relation to the rental are deductible - Mortgage Interest, Taxes, Insurance, Repairs, etc

If you are unsure of what is deductible, you may want to consider working with an accountant.

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Basit Siddiqi CPA
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