As a rental property owner, it’s not uncommon for your properties to produce a net loss for tax purposes thanks to depreciation and other operating expenses. The treatment of these…
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Real estate corporations and tax time: Your FAQs [2023 Update]
In order to scale our real estate investing businesses, many of us form companies to ensure tax efficiency and liability protection—to name only a few benefits. Companies are the best…
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10 Common Landlord Tax Deductions [2023 Update]
Familiarize yourself with these top landlord tax deductions that can help reduce your tax burden to the IRS. 1. Depreciation Depreciation is one of the biggest and most important deductions…
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Advanced tax strategies for real estate investors: FAQs [2023 Update]
So you’ve been around the real estate investing block a few times. You understand the basics of the tax efficiencies that come with owning real estate investments: deductions, 1031 exchanges,…
Is umbrella insurance tax deductible? A guide for landlords
Umbrella insurance can provide extra protection for your real estate investments in the event of a lawsuit. But is umbrella insurance tax deductible? The answer may surprise you. Read on…
Can you use H&R Block tax software for rental properties?
H&R Block has become one of the most recognized names in the tax preparation business. The company operates around 12,000 retail tax offices in the U.S., Canada, and Australia and,…
Can landlords use TaxAct for their rental properties?
Mark Twain once said that the only difference between a taxman and a taxidermist is that the taxidermist leaves the skin. While that may be a bit of an exaggeration,…
Tax benefits of accelerated depreciation on rental property
The 3 main reasons for investing in rental property are recurring income, the potential for equity appreciation over the long term, and unique tax benefits. One of the most significant…
The 9 best tax software for tracking rental property
There are 24 major tax changes and updates for the 2021 tax year, according to a report from Kiplinger. Although the last thing many people want to think about is…
