Skip to main content
Personal Finance & Money

Return to Answer

replaced http://money.stackexchange.com/ with https://money.stackexchange.com/
Source Link
Community Bot
Community Bot
  • 1

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage interest is deductible. So is depreciation. See this questionthis question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage interest is deductible. So is depreciation. See this question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage interest is deductible. So is depreciation. See this question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.

deleted 1 characters in body
Source Link
JTP - Apologise to Monica ♦
JTP - Apologise to Monica ♦
  • 172.6k
  • 34
  • 297
  • 560

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage payments areinterest is deductible. So is depreciation. See this question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage payments are deductible. So is depreciation. See this question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage interest is deductible. So is depreciation. See this question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.

Source Link
Steven
Steven
  • 1.5k
  • 2
  • 11
  • 22

To answer some parts of the question which are answerable as-is:

  • Yes, mortgage payments are deductible. So is depreciation. See this question and others.

  • It would be a good idea to put some money away for tax season, just as you should save some money to cover unexpected property expenses. But as @JoeTaxpayer says, this is a good problem to have, assuming you own the property, it's low-maintenance, your tenant is good, and your rent is at market levels.