In the world of taxes, depreciation is one of your best friends—it means more money in your pocket. For that reason, depreciation can make a significant on your bottom line.…

In 2018, a new income tax deduction went into effect under the Tax Cuts and Jobs Act. It is called the pass-through deduction or, less commonly, the Qualified Business Income…

Every year, tax time rolls around in the spring. And leading up to it, you need to think about whether your business needs to buy business equipment and other depreciable…

Taxes are an unavoidable part of being a landlord. However, understanding the nuances and intricacies of taxes can save you substantial money in the long run. With that being said,…

In other articles on this blog, we’ve covered how to depreciate buildings, additions and improvements, and personal property. But what happens with depreciation when you sell a property? In short,…

As a landlord, it’s important to understand how taxes can benefit your business. One of the key things you need to know as a landlord is how to maximize depreciation…

You’re probably aware that operating expenses are deductible, but there are also many other valuable deductions, particularly for smaller landlords. These deductions aren’t difficult to qualify for, especially if you…

Taxes. Often, just the word makes people shudder. As a landlord, taxes are a key part of your business. The more you understand their nuances, the more successful your business…

Maintenance is one of your largest expense categories as a landlord. Fortunately, most of your upkeep costs are tax deductible. Just like operating expenses, repairs and improvements are common expenses…

In this article, we went over how you can qualify as a business based on rental activities. If you qualify, you’ll need to understand some key elements regarding rental expenses…