As a California rental property owner, the state tax code allows you to claim deductions for mortgage interest, property taxes, repairs, maintenance, insurance, and even depreciation. Taking advantage of all…
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Tax question: Do you have to depreciate a rental property?
Depreciation is a tax deduction that allows you to recover a property’s cost over time. You can typically write off the wear and tear on your residential long-term rental property…
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Deducting your labor on a rental property: Tax rules explained
If you can deduct the labor costs when someone else fixes your rental property, does that mean you can deduct your own labor as well? This is a common question…
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Are refinance closing costs tax deductible on rental property?
Refinancing a rental property can be a smart financial move, and some of these costs are often tax-deductible, saving you money when tax season rolls around. The key thing to…
Deducting tree removals: Tax rules explained
When a tree falls on your rental property, it doesn’t just make a sound—it can create a significant dilemma and potentially become a sizable unplanned expense. Whether cleaning up the…
14 common short-term rental tax deductions (2025 guide)
Let’s say you just replaced the outdated kitchen appliances in your short-term rental, hoping to attract more guests, enhance their experience, and increase your rental income. The next thing you…
Deducting HELOC interest on rental property: Tax rules explained
A home equity line of credit (HELOC) is a useful tool for investors wanting to upgrade their property or use the funds to buy a new property. However, the tax…
Is mortgage insurance tax deductible on a rental property?
Can deducting mortgage insurance reduce your taxable net income and put more money in your pocket? With the IRS’s maze of rules and regulations, pinpointing exactly what you can deduct…
Deducting insurance for rental property: Tax rules explained
When tax season rolls around, do you wonder whether you’re missing out on critical deductions? Knowing which operating expenses you can and can’t deduct could determine whether you pay more…
