15 Tax Deductions for Landlords During Tax Season
Mar 21, 2022 By Andrea Collatz
Any game is hard to win if you don’t know the rules. Being a landlord is no different. Oftentimes, juggling tenant needs, paying insurance premiums and mortgages on time, and squaring up at tax season can feel like a chess game where the pieces keep changing.
Below, you’ll find 15 deductions that could help you during tax season. While some of these tax breaks apply to all homeowners, many are unique to rental property. Make sure to check with your tax professional or CPA to determine whether any specific tax deduction applies to you and make the most out of your return.
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About the author
Vernice Dauphin: Hello and thank you for visiting our website today: Please allow us to introduce ourselves and give you a better understanding of who we are what we are all about. We are Rey and Vernice Dauphin. We have been married for 29+ years with 3 children (all grown now) and currently reside in Atlanta GA. We are multiple business owners and the founders of 7streamz.com which is an umbrella for Dream Tax Service Inc. Dream Realty Inc, II and Black Mammoth FR8 Inc. We absolutely believe in the power of having 7Streamz of income and we are strong believers that diversity in business is the key to building wealth. We are young enough that we do not have grandchildren yet but old enough to have seen the economy turn in a way that devastated millions of families and small business owners. We are committed to serving our community through financial education, investing in Real Estate and simply put "Getting Your House In Financial Order". We teach city to city and state to state this simple principal - If you don't put your money to work for you then you will spend the rest of your life working for your money. We are glad you stopped by and look forward to serving you! Rey and Vernice D.