It is nearly tax time again. Owning a profitable investment property is great unless it is April 15th and Uncle Sam has his hand out for his share of the profits. If you want to keep more of your hard earned cash, then pay particular attention to this following couple of pages. We are going to share some tips on how to maximize your investment property deductions and we will share a secret on how to use your second home as a rental tax-free.
Find information on…
- Passive & non passive investors
- What is considered income?
- How to max out deductions
- Repair, don’t improve!
- Vacation homes & taxes
- & More!
Would you like to discuss options for having a professional manage your rental property? We can quickly provide a cost quote, or virtual rental evaluation to nail down potential income
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