Tax Deductions

In addition to providing a stream of income, rental properties can also help save money on taxes. As a landlord, it is important to be aware of what expenses you can--and cannot--claim on your...

Thanks to the phenomenon of flipping (purchasing houses with the idea of selling them for a profit), some people became accidental landlords when they weren't able to sell the property without...

New and experienced property owners alike miss valuable income-tax deductions every year. Every missed deduction results in additional tax you pay. You are legally entitled to claim allowable...

Do you want to have Uncle Sam help pay for some of the repairs to your home? The good news is, in a way, it's possible. There are a variety of tax deductions and credits available to homeowners...

There is more to owning rental property than making a profit. There are dozens of tax deductions that you can take to help offset the costs of renting your property. Keep in mind that using your...

If you own rental property, you may be eligible for a number of tax write-offs. Claim the deductions on a Schedule C. Always keep strict records of any expenses that you plan to write off. When in...

As a landlord, you have the responsibility of ensuring that tenants are respecting your property and their neighbors, making repairs and performing maintenance tasks. Thankfully, some of the money...

If you're renting out a property either as a business or just for extra income, you can deduct some expenses as a tax write off. Keep in mind that you're only considered a rental business if you...

When your home rental activities end up costing you more than it was worth, you may be able to deduct your losses on your taxes that next year by filling out Schedule E "Supplemental Income and...

There are a number of deductions that a landlord can claim for the expenses that are incurred while renting out a property, or for the expenses incurred while preparing to rent out a property. ...

There are many advantages to being a landlord. Unlike repairs made to your personal residence, rental property repair costs that are incurred to place the property in rentable condition or to...