Home Selling in New York>Question Details

Ld534, Home Buyer in New York, NY

can i claim my apt on taxes all my friends do?

Asked by Ld534, New York, NY Fri Jan 18, 2013

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Mitchell Hall’s answer
Speak to an accountant or tax attorney. If you pay interest on a mortgage that is tax deductible and if you're in a coop the portion of underlying mortgage interest may be deducted. If you're in a rental if you use apartment for business a portion may be deducted but please check with a tax adviser.
0 votes Thank Flag Link Wed Feb 13, 2013
Mitchell Hall, Real Estate Pro in New York, NY
Better talk to a tax preparation service, they will help you out on this better way Who cares about what your friends do, or say they do if they're lying on their taxes they probably lie to you as well.

Mr. H. N. Smith
0 votes Thank Flag Link Fri Apr 19, 2013
Hello the best way to give you the best advice on this question is to speak to a couple of tax accountants in your local area. They would know the the real answer.
0 votes Thank Flag Link Sat Jan 19, 2013
Hi There,

I'm curious as to WHY all your friends do! What does that mean? Why didn't you just ask them? Oh wait,
that's not a good idea! Actually that is a question that needs to be ask and answered by your CPA or tax professional!

Often you will find that you are allowed various deductions if you have a business in your home - so good luck with that! Seriously...all my friends do! I'm still SMH over that!

0 votes Thank Flag Link Sat Jan 19, 2013
We do not believe so. But you can ask your tax person. http://www.naplesrealestateguys.com/
0 votes Thank Flag Link Sat Jan 19, 2013
This is best answered by your accountant.
0 votes Thank Flag Link Sat Jan 19, 2013
Without much information, when it comes to any tax issues, it's always best to consult with your tax professional, and or, attorney....
0 votes Thank Flag Link Sat Jan 19, 2013
This would be a question for your Tax person,
not a Real Estate site.
0 votes Thank Flag Link Sat Jan 19, 2013
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