Mark Worley and Sheharyar Bokhari of Redfin report that the typical home purchased in 2024 reached a record age of 36 years, up from 27 years in 2012, reflecting a…
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Rental Property Returns and Income Tax Calculator
Have existing properties that you want to track the performance of? Check out Stessa. Get 24/7 visibility into your portfolio’s performance with reports that are automatically generated and updated in…
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Tax Deductions & Rules for Rental Properties Held in an LLC
Many landlords wonder if their tax deductions change when their rental property is held in an LLC rather than individually owned. The good news is that rental property tax deductions…
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The Key Tax Consequences of Transferring Property to an LLC
Transferring a rental property to an LLC isn’t as simple as signing a few documents. While it can help protect your personal assets, it’s a significant financial decision that requires…
The top California rental property tax deductions to know
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…
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…
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…
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…
