Find out what's deductible and what's not if you are a rental property owner Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax ...

To qualify as a valid tax deduction, the expenses you incur relative to a rental property must be “ordinary and necessary.” Ordinary expenses, according to the IRS, are “common and generally ...

Tracking expenses is critical for rental property tax deductions. Every expense such as repairs, maintenance, utilities, property management fees, insurance premiums and even travel expenses ...

Do you own rental property? Besides the potential for regular income and potential capital gains, real estate investments offer deductions that can reduce your tax liability. First, consider what ...

To qualify as a valid tax deduction, the expenses you incur relative to a rental property must be “ordinary and necessary.” Ordinary expenses, according to the IRS, are “common and generally accepted ...