What is tax deductable when renting out a house?

What is tax deductable when renting out a house?

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What is tax deductable when renting out a house?
  #1  
Old 05-25-2015, 03:01 PM
JerryLBell JerryLBell is offline
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Default What is tax deductable when renting out a house?

Can anybody point me in the direction of where I would find out just what all is deductible when renting out a house? I'm in the process of buying a brand-new house that I can't retire to for another 2 years and want to rent it out as unfurnished in the meantime. I'm sure that some of what I'm putting into the house (such as the washer and dryer I bought over the weekend as we can't move our existing washer and dryer down just yet!) might be at least partly deductible but I don't know which.

Thanks in advance for any helpful replies!

Last edited by JerryLBell; 05-26-2015 at 07:32 AM.

  #2  
Old 05-25-2015, 03:59 PM
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asianthree asianthree is offline
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Your tax guy or girl will have the answers you need for your situation
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  #3  
Old 05-25-2015, 04:43 PM
JoMar JoMar is offline
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I suggest you contact an accountant/tax guy since, unless you get one here, you will get responses around what people do, not what is legal, and there is a difference.
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  #4  
Old 05-25-2015, 04:48 PM
Villager Joyce Villager Joyce is offline
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Contact a Florida CPA. I recommend Judith Dacey of JDSumter in Summerfield.
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Old 05-25-2015, 05:02 PM
Villager Joyce Villager Joyce is offline
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Pin my opinion, your best bet is to meet with a Florida CPA. I tried to give a name but the post was removed. Not sure why. I think the CPA in Summerfieldi in the same shopping center as Little Joeys.
  #6  
Old 05-25-2015, 05:29 PM
Old_As_Dirt Old_As_Dirt is offline
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Nothing
  #7  
Old 05-25-2015, 06:03 PM
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gomoho gomoho is offline
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Google it or better yet get yourself a good tax man. Lots of benefits to having a rental property, tax wise, but you better know what you are doing. Good luck
  #8  
Old 05-25-2015, 08:10 PM
Fraugoofy Fraugoofy is offline
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Your tax accountant is the best person to answer this question. There are so many variables...
  #9  
Old 05-26-2015, 09:01 AM
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Lyle Gant Lyle Gant is offline
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Quote:
Originally Posted by Fraugoofy View Post
Your tax accountant is the best person to answer this question. There are so many variables...
I agree.....
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