Thank you @Carl I am experinced investor and do my own taxes so I learn things and strategize better, not yet ready to hand the boton off to a pro yet.
This is VERY helpful, I did not know that I could claim the taxes and interest and claim the home as a second home for 2021.
I am glad I did not lose those deductions.
I do have a question about loans, if this is not the proper place to ask I will ask the question in another thread.
I understand the mortgage underwriters add back all depreciation. So it is best to depreciate whatever I possibly can. In 2021, I had so many expenses on homes purchased that were not rent ready and will become a second home. This will then result in quite a lot of losses. Does this lower the amount of money I will get approved for by the underwriter? OR, will they not consider those losses on those rental properties, since they were in the process of getting rent ready?
THANKS!
