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Deductions & credits
What should I do about expenses and repairs I do to the property in the mean time? I have already had to put a roof on the house since her passing. The house is in need of much work. If I consider the home an investment property, how do I accommodate for these expenses? Are they used against the basis if I sell? What happens to them if I decide to rent next year?
I was a co-signer on her mortgages which I am now paying. She has a wonderful interest rate (due to a modification loan), but she is listed as the primary. Is this something I will need to address as far as a refinance?
Thank you everyone for your help and thoughtfulness.
I was a co-signer on her mortgages which I am now paying. She has a wonderful interest rate (due to a modification loan), but she is listed as the primary. Is this something I will need to address as far as a refinance?
Thank you everyone for your help and thoughtfulness.
May 31, 2019
6:02 PM