Solved: No, down payment becomes part of total purchase price whe...

Can I deduct the down payment for a rental purchase. Also, If I sold stocks to use as the down payment can I write this off as well?

posted

No, down payment becomes part of total purchase price when placed in service.

Stock sale is a separate taxable event not related to the rental purchase.

No, down payment becomes part of total purchase price when placed in service.

Stock sale is a separate taxable event not related to the rental purchase.

Rental Property Purchas