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Investment Property Tax Deductions Sweeten the Deal.
 
Investment Property Tax Deductions Sweeten the Deal.
 
 
 
Unlike some investments such as stocks and bonds that are subject to taxes above and beyond simple income tax; investing in real estate offers some unique tax benefits for landlords. Keep in mind tax benefits alone are not the only reason to invest in real estate. Nevertheless potential real estate investors need to understand the importance tax benefits can reap for landlords.
 
Before I go into some of the top rental property tax deductions, let me first point out a very important disclaimer: Always seek professional advice from an accounting professional about all ramification of rental property ownership. 
 
Here are some of the top tax benefits to look forward to for investment property owners. 
 
1. Depreciation. Depreciation is one of my favorites tax deductions for an obvious reason. You don’t have to spend any money to receive this tax benefit, and for that reasons, depreciation is very much like a free gift of cash off of your tax bill.
2. Repairs. Generally speaking, for the repairs made in any given year, they are a deductible item. Keep in mind minor repairs such as plumbing, electrical, air/heating, or carpentry are most likely deductible, but any repairs that might ... more

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