Comments on: Top Tax Deductions for Landlords

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords, #14

Thu, 05 Mar 2009 22:08:27 +0000

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords, #13

Mon, 23 Feb 2009 22:17:17 +0000

[...] Home Office DeductionUse Depreciation to Lower IncomeSpread Out RepairsUtilities That Landlord PaysAuto Expenses You Can Actually DeductLook For Properties While On VacationCalculating Gain on Sale of Rental PropertyNew Property Management Software Makes Tax Prep a BreezeSell Property To YourselfDeduct Losses Even If No ExpensesMake Personal Interest DeductibleHiring Family Members is a Win-Win American Apartment Owners Association offers discounts on products and services for landlords related to your real estate investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing. Find out more at http://www.joinaaoa.org. [...]

By: AAOA - American Apartment Owners Association » Landlord Tax Tips: Hiring Family Members is a Win-Win

Thu, 12 Feb 2009 17:17:11 +0000

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords, Tip #11

Mon, 02 Feb 2009 18:11:58 +0000

[...] for real estate investors, check out TReXGlobal.com. Did you miss these tax tips?Home Office Deduction Use Depreciation to Lower Income Spread Out Repairs Utilities That Landlord Pays Auto Expenses You [...]

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords, #10

Mon, 19 Jan 2009 17:35:32 +0000

[...] investors, check out TReXGlobal.com. Did you miss these tax tips: Home Office Deduction Use Depreciation to Lower Income Spread Out Repairs Utilities That [...]

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords #9

Thu, 08 Jan 2009 20:06:33 +0000

[...] investors, check out TReXGlobal.com. Did you miss these tax tips: Home Office Deduction Use Depreciation to Lower Income Spread Out Repairs Utilities That [...]

By: AAOA - American Apartment Owners Association » Calculating Gain on Sale of Rental Property

Wed, 24 Dec 2008 18:49:23 +0000

[...] investors, check out TReXGlobal.com. Did you miss these tax tips: Home Office Deduction Use Depreciation to Lower Income Spread Out Repairs Utilities That [...]

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords, Part 7

Wed, 24 Dec 2008 18:33:50 +0000

[...] investors, check out TReXGlobal.com. Did you miss these tax tips: Home Office Deduction Use Depreciation to Lower Income Spread Out Repairs Utilities That [...]

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords: Tip #6

Mon, 08 Dec 2008 17:40:21 +0000

[...] For more Tax Tips and Tax Saving Web Tools like DepreciateEm.com and DeferEm.com, check out TReXGlobal.com. Did you miss these tax tips: Home Office Deduction [...]

By: AAOA - American Apartment Owners Association » Crucial Tax Tips for Landlords: Part Five

Mon, 24 Nov 2008 16:45:54 +0000

[...] Crucial Tax Tips for Landlords: Part Five Auto Expenses You Can Actually Deduct by Niman Singh TReXGlobal.com Vehicle expenses paid exclusively for rental activity can be fully deductible. Using the actual expense method instead of standard mileage might be more beneficial if your vehicle incurred a lot of expenses during the year.Usually the largest vehicle expense that you can deduct is depreciation, which allows you to deduct the value of your vehicle over a period of 5 years. Many times, depreciation is the factor that determines which expense method will be used. For example, a person who used a $25,000 vehicle and drove 10,000 business miles would use the actual expense method so they could take advantage of a $5,000 depreciation deduction; whereas a person with a $20,000 car who drove 10,000 miles would benefit more from the standard mileage deduction of $4,850. Consult with a tax advisor for specific rules about listed property or depreciation limits.Other deductible costs include car insurance, DMV registration fees, tolls, parking, gas, oil changes, tune-ups, tires, maintenance, etc… When deducting actual vehicle expenses, it is very important to keep a track of costs and receipts. If you do not use the vehicle solely for rental activity, then you should keep a record of mileage traveled for your business, so you can deduct a percentage of the vehicle’s actual expenses.Whether using the standard mileage or actual expense deduction, be sure to record all expenses related to your rental activity. You usually won’t know which deduction method to use, so it’s best to just keep a journal of all vehicle activities. For more Tax Tips and Tax Saving Web Tools like DepreciateEm.com and DeferEm.com, check out TReXGlobal.com. Did you miss these tax tips? Home Office Deduction [...]