Solved
Rental Property Purchas
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?
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.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
