Although the last thing many people want to think about is taxes, it can pay to start planning ahead, especially for investors who own rental property in their portfolio. While…
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Are utilities tax deductible for rental property?
One of the many benefits of owning a rental property is being able to deduct normal operating expenses from gross rental income to reduce taxable net income. Utilities are generally…
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Can landlords use TurboTax for their rental properties?
Some of the most well-known duos and combos in the world include bread and butter, peanut butter and jelly, car and driver, and yin and yang. To this list, a…
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Short-Term Rentals And Related Taxes [2025 Update]
With the increasing popularity of short-term rentals thanks to Airbnb, VRBO, and other vacation rental platforms, it’s important to understand some of the tax issues related to owning and operating…
Real Estate Tax Strategies For 2024: Everything You Need To Know
We’ve covered the basics of taxes for real estate investing over the past month, including deductions, 1031 exchanges, business travel, and more. In fact, we even teamed up with the…
The 20% Pass Through Tax Deduction: FAQs [2023 Update]
As real estate investors, we’ve heard a lot this year about the new tax benefit for our businesses referred to as the 20% pass-through deduction. Simply put, this incentive allows…
Do you have to pay any taxes after a cash out refinance?
Real estate investors are always looking for ways to put money to work. With the way home prices have been rising over the last few years, an investor may have…
The 7 primary tax benefits of owning rental property
Generating income and increasing owner equity over the long term aren’t the only ways investors hope to profit by owning a rental. Investing in rental property also provides numerous tax…
Property tax by state: Ranking the lowest to highest
Property taxes can be one of the largest expenses of owning and operating a rental property, depending on the state the home is located in. Taxes on property are an…
