Archive for the 'Leasing Renting' Category
Take Advantage of Rental Property Tax Deduction
Thursday, November 1st, 2007Rental property tax deduction makes a big difference. If you are a landlord, it is important that you take advantage of the full benefits such tax deduction provides. There are a number of ways you can avail these benefits, such as rent, payment to cancel a lease, expenses paid by the renter, etc. Some expenses that cannot be deduced include loss of rental income due to vacancy, expenses from modifications such as new appliances, a new roof or a room addition for example. However, the following are some of the more common deductible expenses:
