Rivace20
Returning Member
Member profile
- Replies
- Posts
-
In the second sentence of your response, you state the interest is deductible while it is a rental, however, you state the principal, payment, etc., is to be co...
-
The loan payoff is not an expense in the sale of the rental property is your answer. However, in the second sentence you indicate the interest is a write-off
Activity Feed for Rivace20
- Got Cheered for Re: Rental sold in 12/2020. Is the loan payoff amount considered an expense to determine gain or .... March 20, 2022 1:48 PM
- Posted Re: Rental sold in 12/2020. Is the loan payoff amount considered an expense to determine gain or ... on Get your taxes done using TurboTax. April 12, 2021 1:33 PM
- Posted Re: Rental sold in 12/2020. Is the loan payoff amount considered an expense to determine gain or ... on Get your taxes done using TurboTax. April 12, 2021 1:31 PM
- Posted Sold rental in 12/2020. Is the payoff of the loan considered an expense to determine gain or loss on the sale?? on Investors & landlords. April 12, 2021 1:16 PM
- Posted Rental sold in 12/2020. Is the loan payoff amount considered an expense to determine gain or loss on the sale? on Get your taxes done using TurboTax. April 12, 2021 1:10 PM