FHA guidelines have been set requiring borrowers to qualify according to established debt-to-income ratios. In most cases, the highest debt-to-income ratio acceptable to qualify for a mortgage is 43%, although many larger lenders may look past that figure.
If you paint the rental yourself, deduct the cost of paint. Painting a rental property is not usually a depreciable expense. In most cases, however, you can write it off as a deductible business expense instead. The IRS divides any work you put in on your rental into improvements and repairs.You claim the total cost of repairs on your taxes, but depreciate improvements.ou write off the cost of improvements on your taxes by depreciating them over 27.5 years. Repairs are projects that bring the rental back up to a usable level: Plumbing jobs, painting, fixing broken windows and fixing broken stairs.
Report Abuse. unless you are self employed and use your car for business purposes, there is no way to claim a car on your taxes. There is a newer feature that will permit you to claim sales tax instead of income tax paid on your itemized deductions, but you can only claim 1 of them-not both.est Answer: You can only claim a car if you use it for business purposes. That means you need to have receipts or invoices that proove you pay all of your car expenses (gas, maintenace, car note, ect.) through your business.