tax benefits property investors: Tax Deductable Expenses – Why an Investor Must Care
- 08/04/08 01:13 AM
When you purchase property with the intent of renting or leasing that property to others, you have become a business person with a desire to make profit (or at least most investors want profit). Rental tax deductions can become a critical part of your profit plan and can over the long haul, turn many poor-performing real estate investments from a loser into a winner. You need to be intimately familiar with the tax codes and provisions in this area, or at a minimum, you should have a strong relationship with a tax professional who can advise you wisely. Some of the … (6 comments)
I am a full-time real estate broker who specializes in investment real estate. I service the communities of Round Rock, Georgetown, Cedar Park & Pflugerville, Texas. When it comes to Round Rock Real Estate, make sure you talk to me or my team!
When you purchase property with the intent of renting or leasing that property to others, you have become a business person with a desire to make profit (or at least most investors want profit). Rental tax deductions can become a critical part of your profit plan and can over the long haul, turn many poor-performing real estate investments from a loser into a winner. You need to be intimately familiar with the tax codes and provisions in this area, or at a minimum, you should have a strong relationship with a tax professional who can advise you wisely.
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