Articles
• 24.08.22
The Top 5 Tax Benefits Of Owning Rental Property
You might be contemplating investing in real estate and your primary concern might be the tax consequences. The tax authority has been very generous to real estate investors as there are several tax benefits of rental property. In this article, you will find out the top 5 tax benefits of owning rental property.
What Are The Tax Advantages Of...
• 15.04.22
Should You File Schedule C For Rental Property Or Schedule E?
You might be a real estate professional, an accidental landlord or trying to earn a few extra bucks by renting out your dwelling unit or vacation home. Whichever the case is, there are tax consequences for every penny you earn from rental activity. And you need to know while filing your taxes whether to use Schedule E or Schedule C for rental...
• 14.12.21
A Comprehensive Guide to Vacation Rental Tax Rules
Investing in a vacation house might be an attractive proposition. What better way to assure that you'll always be able to return to a destination you've always wanted to visit, while also making some money? More and more people are renting their homes through Airbnb and other vacation rental firms, and they are learning about new tax...
• 10.12.21
A Comprehensive Tax Guide For Short-Term Rentals
Are you planning to generate additional rental income by renting out your primary residence or vacation home via Airbnb, HomeAway, or Vrbo? Then this tax guide for short-term rentals will help you understand its tax implications.
In this guide, you will learn the difference between short-term rental and regular rental property, the short-term...
• 25.11.21
6 Tax Deductions for Airbnb Hosts
Are you considering renting out your home via Airbnb for some extra income? If yes, then you might be wondering about its tax implications? Airbnb is a service that lets you offer alternative accommodation to tourists. Read on to find out about the allowable Airbnb tax deductions.
Do I have to pay taxes on Airbnb income?
That depends on...
• 25.11.21
Accidental Landlord Tax Tips and Implications
The probabilities of renting a home are slightly higher than one in three. The number of American households renting has increased to the point where they are more prevalent than ever before, but some readers may own their houses outright or pay for a mortgage.
Is it possible that you became an accidental landlord? You might be surprised by...
• 14.10.21
Rental Income Tax Forms: Property Owner, Partnership or LLC
Tax Forms in a Nutshell — Reporting Profits and Losses
Form 1040 Schedule E is your rental income tax declaration form. It is for rental income and deductions — but also asks questions. For example, Schedule E requires realty investors to confirm that reporting rules, Form 1099 - MISC, were observed. The IRS is interested in your rental...
• 05.10.21
Landlords Tax Tips
Do you own a piece of property that you rent out? Aside from the possibility for consistent income and capital growth, real estate investments include tax deductions that can help you save money on your taxes. But first, examine who you are as a real estate investor. Are you a real estate professional or are you into passive real estate...
• 28.09.21
Reducing Your Taxes as Landlord
Our topic suggests deductions related to rentals. These particulars will be discussed, however, we begin with helpful suggestions for organizing one’s rental affairs so that tax-saving information is available and timely.
Organizing Rentals in a Way That Saves Time and Taxes
What records are the property owner’s responsibility? What...
• 23.09.21
How Is Rental Income Taxed?
Does renting out properties make up part of your income? Real estate investments can generate regular income and capital growth and can also reduce your tax burden on profits by offering rental income tax deductions.
Nevertheless, it's important to consider your investing style first. Do you invest passively in real estate or do you work as a...
• 31.08.21
Rental Real Estate Income Tax 101
You may just have learned that acquiring a rental property might make your taxes more complicated. Landlord tax on rental income is more complicated than conventional income taxes. But, contrary to popular belief, the ramifications of landlord tax aren't as complicated as they appear.
There are two types of landlord property tax that property...
• 17.01.21
Top 10 Tax Write-Offs For Rental Property
When you run your rental property business there are many deductions you can claim to reduce your taxable income. In this article, you will learn about the Top 10 tax write offs for rental property. You will also find out the conditions you need to fulfill to get a tax break on some of these business expenses.
You and your tax preparer can...
