Do you rent property to others? Rental real estate provides more tax benefits than almost any other investment. Besides the potential for an ongoing income and capital appreciation, such investments offer deductions that can reduce the income tax on your profits. Here are some tax deductions for owners of rental property:
Interest. Interest is often a landlord’s biggest deductible expense. Common examples of interest that landlords can deduct: mortgage interest payments on loans used to acquire or improve rental property and interest on credit cards for goods and services used in a rental activity.
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you have an active digital subscription, then you already have an account here. Just reset your password, if you've not yet logged in to your account on this new site.
If you are a current print-only subscriber, and want access to our website,click here to view your options for changing you subscription level.
Otherwise, click here to view your options for subscribing.
Please log in to continue |