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-   -   What is tax deductable when renting out a house? (https://www.talkofthevillages.com/forums/ask-expert-about-villages-florida-real-estate-300/what-tax-deductable-when-renting-out-house-154627/)

JerryLBell 05-25-2015 03:01 PM

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!

asianthree 05-25-2015 03:59 PM

Your tax guy or girl will have the answers you need for your situation

JoMar 05-25-2015 04:43 PM

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.

Villager Joyce 05-25-2015 04:48 PM

Contact a Florida CPA. I recommend Judith Dacey of JDSumter in Summerfield.

Villager Joyce 05-25-2015 05:02 PM

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.

Old_As_Dirt 05-25-2015 05:29 PM

Nothing

gomoho 05-25-2015 06:03 PM

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

Fraugoofy 05-25-2015 08:10 PM

Your tax accountant is the best person to answer this question. There are so many variables...


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