Budget for tax advisors for individuals" - Amado, AZ, United States - beBee Handyman

beBee Handyman

Verified Company

Amado, AZ, United States

1 week ago

Posted by:

Jessica Williams

beBee Recruiter

Freelance

I have received a notification from the tax office regarding the following:

Regarding the deducted financial expenses, this managing office only accepts the amount of euros. From the documentation provided, it can be seen that the loan originally taken out to acquire the property amounted to 135,430.71 euros, while the acquisition cost of the property was 69,300 euros (63,000 euros in deeds and 6,300 euros for the ITP). Therefore, the degree of connection between the loan and the acquisition is 51.17% (69,300 / 135, and, consequently, the deductible amount is euros (51.17% x 1,165.83 euros).
Regarding the expenses for insurance premiums of euros, it must be noted that it has not been proven that they are related to a rented property, as only payment receipts have been provided, but not the insurance policy where it can be correlated that they are related to a policy for the rented property. Therefore, the amount of euros is eliminated.
Regarding the utility expenses, the amount of euros that appears on the invoices from the provider Pepephone for mobile phone services (number XXX) is eliminated, as it is an unnecessary expense to obtain income from real estate.
Regarding the 60% reduction applied for supposedly being the tenant's permanent residence, this managing office must indicate the