Reported 3 days ago
If you're a landlord, you can benefit from five important tax deductions related to your rental property that can help reduce your tax liability. These include deducting rental expenses for repairs and maintenance, claiming a qualified business income deduction, taking property depreciation, accounting for other business-related expenses, and managing losses from rental properties. Understanding these deductions can maximize your tax savings and ensure compliance with IRS regulations.
Source: YAHOO