Top 7 Tax Deductions for Rental Real Estate Properties
Many individuals and companies invest in rental real estate property. Here are the top 7 most common tax deductions that rental property owners need to make sure they claim on their tax returns.
How to Prepare IRS Form 8825 for Rental Real Estate Income & Expense
A partnership or S corporation tax return may include Form 8825 to report rental income and expenses connected with rental real estate properties.
Is Rental Income Taxable?
Many businesses and individuals invest in real property assets that are rented to tenants. The rental income is generally subject to federal and state income taxes. This article discusses the federal tax rules for rental income.
What is the Real Estate Professional Election?
Real estate investors generally have to treat their rental real estate income as passive income subject to the passive activity loss (PAL) rules. The real estate professional election may be available to some investors. This article and video discuss the real estate professional election and how to qualify.