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Investors & landlords
Thank you so much for responding back to me on this. Here's some additional information that may help.
- I'm looking that the HUD statement for when I purchased the home and I paid a total of 8208.01 in closing costs.
- When I sell the home the HUD statement says I'll be paying $20.500.00 in closing costs.
- I lived in the home from 9/2002 until 7/2013. During that time I made a lot of upgrades to the home. Which I have kept the receipts for. The total of those upgrades before converting it into a rental property $32,000.
- According to my 2018 return filing jointly are income was $152,813
- According to my 2019 return filing jointly are income was $168,319
- The depriciation schedule shows the following:
2014:$3997.00
2015:$5642.00,
2016:$5642.00
2017:$5642.00
2018:$5642.00
2019:$5642.00