What Landlords Need to Know for Tax Time

Federal income tax filing season officially began this week.  Read more by clicking here.

Though this season isn’t likely to bring cheer, rental property owners have reason to look on the bright side. Landlords actually get many tax advantages that can make the tax pill a little easier to swallow — so make sure you’re getting all the breaks you’re entitled to.

Regular expenses, including mortgage interest, property taxes and insurance.

Depreciation.

Repairs and Improvements.

Employees and professional services.

Travel.

Home Office.

Losses.

 

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