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by irvirv on November 22nd, 2010
Only if one of you can qualify as a real estate professional. If you work full time at something else this is nearly impossible, no matter what some people will try to tell you. When you finally sell you will be able to use those built up deductions but until then there's not really much you can do. Sorry.
Does Proposition 13 pass to the next property owners or does it end with the one' who recieved it first?
by CaRbOnPrOdUcK is Baccuss on January 18th, 2009
| 4 people like this
Can I take the first time home buyers credit if: 1) for 2007 I filed as married filing jointly and for 2008 I'm filing as single (divorced), but I hadn't lived in the marital house for over 5 years, 2) I purchased my own home
by Anonymous on February 3rd, 2009
| 1 person likes this
When completing a 1098 return of a partial mortgage is the interest calculated on the original mortgage figure or on the new(investors) mortgage figures?
by Anonymous on March 2nd, 2009
| 1 person likes this
Can i deduct the intersest and closing costs form a reverse mortage?
by len on March 1st, 2009
| 1 person likes this
Can I deduct commercial property insurance for 2008 if it was paid on 12/27/07 but not deducted that year?
by Anonymous on March 9th, 2009
| 1 person likes this
You're reading We are married and own rental property, but our joint income exceeds $150,000. Is there any way to get a deduction for losses on the rental property?
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