Frequently Asked Questions
Question: How can I check my IRS refund?
Answer: Visit https://www.irs.gov/refunds for your updated refund status.
Question: What are the deduction rules are under the new real estate tax law?
Answer: There is no limit on the amount of taxes you are able to write off for a rental property, and the write-off cap for residential properties is $10,000/year.
Question: Mortgage interest?
Answer: If itemizing deductions for a rental, there is no limit and if for a residential property you may up to $850,000