Blog

Apr
19
Top 5 Landlord Tax Deductions

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Paying taxes is part of life, fortunately there are some beneficial deductions landlords can take advantage of. Here are 5 common deductions.

  1. INTEREST

Interest can be the one of the biggest deductibles for landlords. Common deductions include interest from mortgage payments as well as credit cards used for goods or services with the rental. Find out more about interest deductions.

  1. DEPRECIATION

Landlords can get back some cost through depreciation of their rental home. Here's how depreciation works.

  1. REPAIRS AND MAINTENANCE

Reasonably, the cost of repairs and maintenance can also be deductible in the year they are incurred. See here what is considered a deductible repair/maintenance and what an improvement/upgrade is

  1. INSURANCE

Insurance premiums are also deductible. This includes, fire, flood, theft as well as landlord liability.

  1. LEGAL AND PROFESSIONAL SERVICES

From attorneys, to accountants, to property managers…. You can deduct these fees as operating expenses.

Check out some other articles for more ways to save on your deductions.

Landlordology - Deductions for landlords

Houselogic - Tax Deductions for rental homes

Sparkrental - 16 deductions


TCT Property Management Services, LLC

2500 S Power Road #121

Mesa, AZ 85209

T: (480) 632-4222

F: (480) 632-4226

E: info@tctproperties.com

Office Hours: Monday - Thursday 8:30AM-5:00PM, Friday 8:30AM-4:00PM

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Jennice Doty, Designated Broker

For AFTER BUSINESS HOURS maintenance EMERGENCY, please call 480-632-4225 and the on-call property manager will assist you

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