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capitalized rental prop expenses -mortgage app Will rental property expenses that I capitalize on my mortgage application count against me on my mortgage application when the bank calculates my debt to income ratio? Are capitalized expenses treated the same as expenses that I expense on the tax return? I know when looking at tax returns, the mortgage companies back out depreciation and replace interest costs with the total mortgage payment. Just don't know what adjustments they make with capitalized expenses.

By: Guest
Date: Unknown--
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0
Sounds like a MONEY FORUM question
[d] By: Guest
Date: unknown---
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What mortgage app? for principal residence?

the mortgage app simply asks for rental income - expenses. Expenses are mortgage/tax/insurance, not the actual expenses like repairs, etc. Why? because they only count 75% of your rental income as income (the 25% is considered for fluctuations - vacancy, repairs, etc). And yes, rental income affects debt to income ratio.

[d] By: Guest
Date: unknown---
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the capitalized expenses

if incurred in current year, will not affect anything

they back back out depn and replace with principal paid on mortgage, to try and get an estimated cash flow

the cap expense is part of the depn computation.

[d] By: Guest
Date: unknown---
Response
What is 1 + 100



Helpfulbox Now Offers Free POS Software

for restaurants, kiosk, and any other retails business completely free. It can be used as windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, all for free.

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